Australian and US dollar
Movements
Summarize the movements in the exchange rate of the
Australian dollar against the US dollar over the last 36 months. Using
appropriate models, explain the various factors which have caused these
movements. Considering current national andinternational economic conditions,
critically
discuss the impacts of the overall exchange rate outcome on
the Australian economy and its implications for monetary and fiscal policies.
Helpful Tips:
A useful source of information is the Australian Financial
Review. This newspaper publishes articles on the fluctuations in the exchange
rate almost daily. A prime source of information is, of course, the Reserve
Bank of Australia. In analyzing the impacts of the rising dollar on the
Australian
economy, you should be familiar with the challenges it is
currently facing. As a starting point, read the article: "Cuts won't stave
off a recession" (The Australian July 2, 2013). Although this article
(attached) discusses mainly the recent RBA's interest rate decision, it provides
a good
snapshot of our current economic issues.
Show evidence (by quotations and/or references/in-text
referencing) of wide reading. While the work is to be presented as an essay it
is expected that appropriate use will be made of chosen diagrams and tables which
enable you to concisely demonstrate your line of reasoning
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