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
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)
13th Edition
ISBN:9781305280601
Author:William J. Baumol, Alan S. Blinder
Publisher:William J. Baumol, Alan S. Blinder
Chapter19: The International Monetary System: Order Or Disorder
Section: Chapter Questions
Problem 8DQ
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