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CONNECTION: The secular downswing in commodity prices will run parallel to the dollar’s fall in currency markets.

Further to fall as events conspire to drive dollar down

The Australian dollar has fallen from about $US1.05 to $US0.89 during the past year – a fall of 15 per cent, and nearly 20 per cent down from its 2011 high.

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Australias relative avoidance of the GFC was and is the main cause of a high Australian dollar as speculators/investors looking for safety poured into the currency. It will be good news when things good back to 'normal' as Australian exports and tourism will begin to look more attractive.

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