SYDNEY—The Australian dollar's fall to near its post-float average is beginning to lift the country's economy, according to John Edwards, a member of the Reserve Bank of Australia's rate-setting board.
The deteriorating health of the Canadian economy provides valuable insight into what Australia's economy will look like soon enough, including a plunging Australian dollar, as similar cyclical forces weigh down on both countries, challenging policymakers.
Investor flight to safety and sinking commodity prices have driven the Australian dollar to new six-year lows this week, as the Aussie slipped below US74� for the first time since May 2009 in overnight international trade on Tuesday.
Consumers in the market for a new television, fridge or other household items are urged to get shopping now, with warnings prices may soon rise due to the Aussie dollar's tumble. The Australian Dollar has fallen 21 percent against the US greenback and ...