Comments:Australian Dollar reaches a 27 year high
|Thread title||Replies||Last modified|
|High dollar = higher trade deficit?||0||05:21, 8 October 2010|
|Comments from feedback form - "Looking good Australia!"||0||22:54, 7 October 2010|
I thought a higher dollar is bad for the economy. The more expensive your currency is, the less you can export because your products are more expensive than before but the more you can import because other countries' products would be cheaper. This would increase the trade deficit.