The Distillery: Coin a phrase

Jotters are concerned about the Fed’s influence on the Australian dollar, though one sees an upside for retailers.

The Federal Reserve’s decision to delay the tapering of QE3 doesn’t just reveal some lingering shortcomings in the US economy, it also results in some big-time money printing pushing the US dollar down and the Aussie dollar up. Down Under, that’s a downer, according to our business commentators.

Fairfax’s Ross Gittins, like all business commentators, describes the Fed’s decision as a “surprise,” noting that the Australian dollar’s decline since mid-April has narrowed to 10 per cent.


SMS Code Sent…

Hi {{ user.FirstName }}

Looks like you've already taken a free trial

Please enter your payment details

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to activate your membership

If you didn't receive SMS code please

Looks you are already a member. Please enter your password to proceed

Please untick this box when using a public or shared device

Verify your mobile number

Please sign up for full access

Updating information

Please wait ...

  • Mastercard
  • Visa

Related Articles