Australia-The Lucky Country?
|The title of Donald Horne's 1964 book was meant to be ironic. Australia never earned its prosperity according to the author, but inherited her political system from England and her vast resources from nature. Her material endowments and proximity to booming Asian markets have been the foundation of the nations economy. Does that make the Australia and the Aussie Dollar just another commodity country blessed in time as well as space riding the now generation long East Asian trajectory? Is there more there more to Down Under than "because I come from a land of plenty"?
Join us for a survey of the Australian economy and an assessment of the prospective fortunes of her currency..
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.