|
May 08, 2016, 05:40:39 PM |
|
IMO, the AUD would continue to decline against the USD. The main revenue earner for Australia is mineral exports, especially iron ore, natural gas and coal, and agricultural products such as wheat, meat, and wine. These exports have been hit hard by low prices and lack of demand. This has widened the trade deficit, resulting in a weak national currency.
|