An improving US economy, falling unemployment and the prospect of more
Australian dollar weakness had us thinking that its suburban office buildings were going to further increase in value.
The first few months of the year, through to the second half of April, were a period of unilateral
Australian dollar weakness (Graph 28).
Not exact matches
Recent
weakness in the
Australian dollar may have reflected the fact that the market had become over-extended as the exchange rate had risen for six months in a row, with a cumulative rise of 25 per cent.
This decline reflects both the general
weakness in the world economy and the appreciation of the
Australian dollar over the period.
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.