Surging dollar harming export earnings

Original article by David Rogers
The Australian – Page: 20 : 4-Jun-20

The Australian dollar peaked at a five-month high of $US0.6983 in local trading on 3 June, having fallen to an 18-year low of $US0.551 earlier in 2020. The currency has averaged $US0.648 so far in the first half of the calendar year, compared with an average of around $US0.68 in the second half of 2019. The dollar’s recent rebound has boosted offshore interest in Australian equities, although it will weigh on the nation’s export earnings.


Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s