A$ Continues to Rise

The Australian dollar hit a 12 month high in relation to the greenback overnight. With US oil prices rising and a lack lustre day on the US stock market, the US$ weakened, leaving the A$ to rise above US79 cents.

The rising A$ has put more pressure on the Australian economy as exporters continue to find it hard to compete in overseas markets and imports become more competitive – leaving greater likelihood of a worsening trade deficit.

To check the A$ v US$ market at any time go to FutureSource at www.futuresource.com

For information on this article, or on any other aspect of the Australian economy or business opportunities available, please email me.

David
editor@agarcarlyon.com