Sentences with phrase «australian dollar prices»

In addition, the appreciation of the Australian dollar is likely to have restrained export volumes, as well as lowering Australian dollar prices.

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).

Together, these two factors led to an increase in the Australian dollar price of crude oil of around 7 per cent in the June quarter.

Not exact matches

The return of gold mining as Western Australia's fastest - growing industry is becoming more interesting, with a near - record price for the metal in Australian dollars triggering increased exploration and a pair of possible mine developments in the Wheatbelt.

But, it says, it is reviewing the pace at which it progresses those projects after recent falls in coal prices and the Australian dollar's ongoing strength.

SC: Aussie dollar bears who are counting on AUD to tumble on either a China growth slowdown or a collapse in Australian house prices will be waiting a long time.

Mr Chapman believes the projects are developing at a favourable time, «with a backdrop of a very low Australian dollar and copper prices going up».

The RBA study pays special attention to the exchange rate appreciation, noting that the stronger Australian dollar had the effect of moderating the effects of resource price increases: higher exchange rates make all exports — including resource exports — less competitive on world markets.

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).

Commonwealth Bank has cut its Australian dollar forecast for this year and next to take into account a slowing global economy, the pricing out of an interest rate hike in Australia this year and a firming of the US dollar.

Its relatively high global position reflects the special place the Australian dollar holds in portfolios of international funds managers because of its relation to commodity prices, offering a degree of diversification from other currencies.

CBA cuts Australian dollar forecasts for 2018, 2019: CBA has cut its Australian dollar forecast for 2018 and 2019 to account for a slowing global economy, the pricing out of an Australian interest rate hike and a firmer US dollar.

Normally the contraction impact of much weaker iron ore export prices should be partially mitigated by the expansion impact of a weaker Australian dollar, as iron - related inflows drop sharply.

While the appreciation of the Australian dollar over the past year or so has restrained commodity prices in Australian dollar terms, they remain close to their average of the past decade.

The increase included a rapid $ 3.1 billion rise last week alone as the Australian - dollar gold price edged up to $ 1740 an ounce.

Sentiment in the options market, as indicated by 1 - month risk reversals (a measure derived from the relative prices of put and call options in the Australian dollar), has also become more bullish since mid 2004.

While rural prices are below the drought - induced peaks of 2002, they remain higher than the average of the past decade in both SDR and Australian dollar terms.

In contrast to the strength in volumes, the value of total imports declined by around 5 per cent over the year to the December quarter, as the currency appreciation has lowered Australian dollar import prices.

Foreign borrowers issuing in Australia and seeking to swap back to their home currency usually receive favourable prices in the currency swap market because of greater demand by Australian borrowers to do the reverse — i.e. borrow in foreign currency and swap into Australian dollars.

Similarly, oil prices in Australian dollar terms are currently well below the peaks seen in 2000 and 2003.

Export revenues have continued to grow rapidly due to stronger world demand, the depreciation of the Australian dollar and firmer commodity prices (Graph 23).

The market's largest producers, including Newcrest Mining, Evolution Mining and Northern Star Resources, have also benefited from recognition that the recent rise in the US - dollar gold price, a weak local currency and lower costs across the sector have created significant positive tailwinds for Australian gold miners.

This was initially spurred by a sharp lift in Australian dollar commodity prices and mining profits, buoyed in part by a large depreciation in the exchange rate.

The value of manufactured exports rose by 3 1/2 per cent in the December quarter, and with a stronger Australian dollar exerting downward pressure on prices in the quarter, volumes look to have increased solidly.

Despite the exchange rate appreciation, prices in Australian dollar terms have also increased significantly over the year to be well above the average level of the past decade.

That rise is made worse by the depreciation of the US dollar (in contrast to the case for Australians, who at least have had the benefit of a high Australian dollar in dampening the rise in oil prices).

It is important to note, however, that other things have not been equal: the Australian dollar has depreciated such that in $ A terms, commodity prices are actually higher than a year ago.

Moreover, the appreciation of the Australian dollar has led to declines in the prices of a number of intermediate goods, and there are some signs that it is already flowing through into consumer prices for imported goods.

In Australian - dollar terms, falls in import prices have been proportionately greater than those for exports, so that there has been a rise in the terms of trade over the year (Graph 42).

With import prices lower in Australian - dollar terms, this implies that the volume of imports has increased solidly, in line with robust growth in domestic demand (Graph 39).

The fall in commodity prices in Australian - dollar terms has, however, been much larger, reflecting the appreciation of the Australian dollar.

The downward trend in the prices of audio, visual and computing equipment continued in June, due to falling world prices for these goods and the appreciation of the Australian dollar.

One factor supporting the Australian dollar over the past couple of years has been that interest rates right across the yield curve in Australia, and perceived returns on other assets, have been higher than those in a number of other countries, particularly those which experienced a recession and a collapse of share prices in the early part of this decade.

The tendency for dealers to trade the Australian dollar in line with commodity prices, themselves strongly correlated with US economic growth, may also have contributed to the link, although the correlation of the Australian dollar with the US dollar has been significantly higher than its correlation with commodity prices.

In the March quarter, the value of imports appears likely to have risen by around 2 1/2 per cent, with strong growth in import volumes and lower prices owing to a further appreciation of the Australian dollar.

While the appreciation of the Australian dollar has reduced commodity prices in Australian dollar terms from their most recent peak, they remain close to their average of the past decade.

In other words, the market has gone back to a more traditional model of the Australian dollar, based on a commodity price story.

The recent depreciation of the Australian dollar and consequent increase in Australian - dollar commodity prices would generally imply an increase in profits for mining companies.

Wool prices have continued to fall sharply, and are now 18.5 per cent below levels of a year ago in Australian dollar terms, inducing some wool producers to switch to prime lamb production.

The materials sector is 5 per cent lower than at end October and has shown considerable volatility during the period because of the conflicting effects of strong increases in metals prices and concerns about the appreciation of the Australian dollar.

After declining to low levels in 1997, consumers» inflation expectations, as surveyed by the Melbourne Institute, increased slightly in the first half of this year, most probably in anticipation of the impact of the lower Australian dollar on prices.

The recent improvement is likely to reflect both higher global prices for resources and a pick - up in volumes due to stronger global industrial production, and has occurred despite the appreciation of the Australian dollar lowering prices in Australian dollar terms.

However, the appreciation of the Australian dollar has reduced prices of imported capital equipment markedly, so this result points to solid growth in real terms.

In value terms, though, imports have fallen by around 5 3/4 per cent since the end of 2002, reflecting a substantial fall in import prices due to the Australian dollar's appreciation.

The decline in the relative price of imports resulting from the appreciation of the Australian dollar has also provided some impetus to growth.

Even though the Australian dollar has appreciated, the RBA Commodity Price Index in A$ terms remains slightly above its average over the past 10 years.

Despite the continued weakness in commodity markets, the further decline in the Australian dollar against the major international currencies has meant that, in domestic - currency terms, commodity prices have remained roughly stable in recent months.

Historically, it has been normal for such periods to be associated with firming commodity prices and, as a result, a tendency for international capital markets to find Australian - dollar assets attractive.

In Australian dollar terms, commodity prices rose by 6.6 per cent over the three months to April, and they were up by more than 12 per cent over the year.

Although the appreciation of the Australian dollar has dampened export prices in Australian dollar terms, the value of exports has edged higher since mid year, rising by around 1 1/4 per cent in the December quarter.