Original article by Jacob Greber
The Australian Financial Review – Page: 5 : 18-Mar-16
The Australian dollar has risen above $US0.76 for the first time in eight months and this trend is bad news for exporters. Tourism operators, services providers and education companies cannot count on a corrective action from the Reserve Bank of Australia. A decline in the unemployment rate, which fell from six per cent to 5.8 per cent in February 2016, will make the central bank less willing to cut the official interest rate.
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