The resurgence in global demand and world commodity prices from 2003 has since provided further impetus to resource - related investment. (rba.gov.au)
The decline in earnings over the past year owes largely to a fall in Australian dollar prices, as the appreciation of the Australian dollar has more than offset rising world commodity prices evident since mid last year (see section on commodity prices and the terms of trade below). (rba.gov.au)
The behaviour of the Australian dollar exchange rate is one example; since it was floated in the early 1980s, the path it has followed has been very similar to that of world commodity prices (Graph 2). (rba.gov.au)