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    What is involved in strengthening the Australian dollar?

    Question #95097. Asked by 14391. (Apr 26 08 10:07 PM)


    1916

    		The Australian Dollar is a "Commodity Currency" like the Canadian Dollar. Its fortunes are heavily dependent on the prices of Gold, Copper, Nickel, Coal and Wool. Movements in the Australian Dollar (Aussie) are also dependent on movements in the Japanese Yen, with the two currencies tending to move in tandem. Generally, a stronger Yen has implied a stronger Aussie and a weaker Yen has been followed by a weaker Aussie.

    http://www.kshitij.com/research/aud1699.shtml

    Apr 27 08, 4:39 AM

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