Abstract
The Australian dollar is a commodity currency whose movements are dictated by movements in commodity prices, in particular coal, iron ore, copper and gold . When the prices of these commodities rise in the market then the Australian dollar tends to appreciate, when prices fall the value of the Australian dollar generally falls. However, unlike a commodity, the Australian dollar combines the benefit of a commodity driven hike with the added benefit of yield.
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© 2014 Jawwad Ahmed Farid
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Farid, J.A. (2014). Gold and the Australian Dollar. In: Models at Work. Global Financial Markets. Palgrave Macmillan, London. https://doi.org/10.1057/9781137371645_9
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DOI: https://doi.org/10.1057/9781137371645_9
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-349-47570-4
Online ISBN: 978-1-137-37164-5
eBook Packages: Palgrave Economics & Finance CollectionEconomics and Finance (R0)