According to the article, "Market economists expect the Australian dollar to remain wedged between the duelling forces of upward pressure from Australia's commodity exports and downward pressure from the Reserve Bank's $100 billion quantitative easing (QE) program." This means as the demand for Australia's commodity exports increase, the demand V for the Australian dollar would shift to the right and the Australian dollar to appreciate

Macroeconomics: Principles and Policy (MindTap Course List)
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Author:William J. Baumol, Alan S. Blinder
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Chapter19: The International Monetary System: Order Or Disorder
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Hi could i know if this is corret? Thanks

According to the article, "Market economists expect the Australian dollar to remain wedged
between the duelling forces of upward pressure from Australia's commodity exports and downward
pressure from the Reserve Bank's $100 billion quantitative easing (QE) program."
This means as the demand for Australia's commodity exports increase, the
demand
for the Australian dollar would shift to the right
and
the Australian dollar to appreciate
Quantitative easing involves the Reserve Bank increasing
supply
It will cause a
shift to the right of
would cause the Australian dollar to depreciate
With these two factors combined, the final effect on the Australian dollar would be
a depreciation
the money
this curve. This
Transcribed Image Text:According to the article, "Market economists expect the Australian dollar to remain wedged between the duelling forces of upward pressure from Australia's commodity exports and downward pressure from the Reserve Bank's $100 billion quantitative easing (QE) program." This means as the demand for Australia's commodity exports increase, the demand for the Australian dollar would shift to the right and the Australian dollar to appreciate Quantitative easing involves the Reserve Bank increasing supply It will cause a shift to the right of would cause the Australian dollar to depreciate With these two factors combined, the final effect on the Australian dollar would be a depreciation the money this curve. This
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