00:00Second, Australia's economy relies heavily
00:02on exporting commodities like iron ore, coal,
00:04and farming goods.
00:05When global manufacturing slows down,
00:07the US economies and domestic consumer spending.
00:09Even though they share the same name,
00:11they are two completely currencies
00:12tied to two totally different economies.
00:15Right now, one Australian dollar
00:16only buys you around 69 American cents.
00:19So same name, very different purchasing power.
00:23Hit that follow button
00:23for more finance breakdowns made simple.
00:25Hit that follow button for more finance break,
00:28more finance breakdowns made simple.
00:29Second, it comes down very different purchasing power and see.
00:33Their economy relies heavily on exporting raw materials
00:35like iron ore, coal, and gas to places like China.
00:38When global manufacturing slows down.
00:40Finally, it comes down very different purchasing power.
00:42When the US Federal Reserve raises interest rates faster
00:45than the Reserve Bank of Australia, higher returns,
00:48pushing the US dollar even higher.
00:50Second, it comes down very different purchasing power and see.
00:53Their economy relies heavily on exporting raw materials
00:55like iron ore, coal, and gas to places like China.
00:58When global manufacturing slows down.
01:00So same name, very different purchasing power.
01:03Let's break down the finance made simple for you.
01:05Hit that follow button for more finance breakdowns made
01:08If you'd like to see more finance breakdowns made simple.
01:09If you'd like to see more finance breakdowns made simple.
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