THE Australian economy seems to know only one speed on its road to recovery: fast.
After standing tall as one of the few major developed economies to escape the ravages of recession induced by the historic financial crisis, the domestic economy has become a beacon of hope for global markets that the worst of the downturn has passed.
The Reserve Bank this week broke from the powerful G20 pack to become the first central bank to begin a new cycle of tightening monetary policy, at a time when the world's biggest economies are seemingly spluttering back to life.
http://www.theaustralian.news.com.au/business/story/0,28124,26188999-643,00.html
After standing tall as one of the few major developed economies to escape the ravages of recession induced by the historic financial crisis, the domestic economy has become a beacon of hope for global markets that the worst of the downturn has passed.
The Reserve Bank this week broke from the powerful G20 pack to become the first central bank to begin a new cycle of tightening monetary policy, at a time when the world's biggest economies are seemingly spluttering back to life.
http://www.theaustralian.news.com.au/business/story/0,28124,26188999-643,00.html
11/10 2009 09:31 Gjern 0
20448 Det er vel nok positivt at læse denne artikel og at der endelig er ved at ske en normalisering. Den seneste udvikling har allerede givet og vil nok give mere på kursen, når artiklen nævner at den vil nærme sig USD. P.t ligger den i ca. 4,55 i forhold til 1 dansk krone.
The recent trajectory means the $A is now 44.06 per cent higher from its March trough of US62.72c and 27 per cent higher than the US71.13c where it began the calendar year.
Barclay Capital's G10 currencies analyst, David Forrester, says the Australian asset markets will continue to benefit from the flow of offshore money looking to be invested in high-yielding assets.
There has been strong evidence this week that buyers of the $A are starting to diversify away from the traditional Asian and Japanese investment funds, with the rally prompting renewed interest from US and British investors.
The recent trajectory means the $A is now 44.06 per cent higher from its March trough of US62.72c and 27 per cent higher than the US71.13c where it began the calendar year.
Barclay Capital's G10 currencies analyst, David Forrester, says the Australian asset markets will continue to benefit from the flow of offshore money looking to be invested in high-yielding assets.
There has been strong evidence this week that buyers of the $A are starting to diversify away from the traditional Asian and Japanese investment funds, with the rally prompting renewed interest from US and British investors.
