Australian dollar boom

What are the factors which have caused the relative strengthening of the Aussie Dollar?


The Australian dollar gains its highest level in more than five years. In April 2001, the Aussie dollar began the climb from a low of US Dollars 0.479. In July this year, it peaked at US Dollars 0.687. This climb that the Aussie dollar is in is happening due to many factors, some of these factors are internal that happened due internal causes such as:
• Government policies.
• Strong Housing cycle.

Or due to external factors which are factors that are caused by policies of countries that are directly related to the Australian economy or global or regional markets

• Government policies
The RBA “Reserve Bank Board” major responsibilities are to determine the banks monetary and banking policies. However, since banks are considered a key player in money exchange within the economy that is due to the facts that majority of businesses and people deposit at banks and ...