03-06-2016, 07:50 AM
Three reasons why the Aussie dollar won’t rebound anytime soon
There is a lot riding on the fate of the Aussie dollar, but so far in 2016 the market has been rife with news that our currency is falling – and fast – as it continues to be battered by three of Australia’s most powerful influences.
In fact, the Aussie dollar has depreciated by over 30% against the US dollar since mid-2011, and it shows no near sign of recovering, according to AtlasTrend.
Here are three reasons why.
[b]Iron ore matters
[/b]
![[Image: 234461f0-27a5-11e6-84ce-ef2f0900b917_Iron-Ore.jpg]](https://s.yimg.com/bt/api/res/1.2/HnDMB2rnT7e1tBkRO7aEFw--/YXBwaWQ9eW5ld3NfbGVnbztxPTg1O3c9NjMw/http://l.yimg.com/os/publish-images/finance/2016-06-01/234461f0-27a5-11e6-84ce-ef2f0900b917_Iron-Ore.jpg)
Read more here
There is a lot riding on the fate of the Aussie dollar, but so far in 2016 the market has been rife with news that our currency is falling – and fast – as it continues to be battered by three of Australia’s most powerful influences.
In fact, the Aussie dollar has depreciated by over 30% against the US dollar since mid-2011, and it shows no near sign of recovering, according to AtlasTrend.
Here are three reasons why.
[b]Iron ore matters
[/b]
Read more here