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Christopher Kent

Slowdown in resources investment eases $A pressure

The Australian dollar appreciated by about 50 per cent in trade-weighted terms during the past decade. The appreciation was an important means by which the economy was able to adjust to the historic increase in commodity prices and the unprecedented investment boom in the resources sector.

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Slowdown in resources investment eases $A pressure

The Australian dollar appreciated by about 50 per cent in trade-weighted terms during the past decade. The appreciation was an important means by which the economy was able to adjust to the historic increase in commodity prices and the unprecedented investment boom in the resources sector.