Loading…
The Australian dollar has risen on renewed global support, with the Aussie backed by a yield advantage over US Treasuries. A 10-year Australian government bond yields about 2.7 per cent against 2.3 per cent for the US equivalent.
The article also explains how a stronger currency lowers offshore costs and makes imports cheaper.
Yield differentials and demand for Australian iron ore, gas and coal drive the Aussie, and a stronger currency reduces the local cost of imported inputs.
abc.net.auDavid TaylorJul 17, 2017Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
