Analysis: The high dollar explained, and it’s not for good reason
Not much is going right for Australia these days, which is why the high value of the dollar is such a mystery, or was until a Queenslander working for one of the world’s biggest fund managers provided this remarkable explanation – our second biggest export is paper.
Specifically, the paper being exported is in the form of Australian Government bonds, the current favourite of international investors and overseas governments seeking a safe haven for their spare cash.
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