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Read the article titled ‘Australian dollar tumbles to ten-year low’ (Sydney Morning Herald, January 3, 2019), and answer the following questions.
The article can be found on the subject’s Moodle site and at the following link: https://tinyurl.com/yc4oj9o5
b) Using nominal exchange rate data from Reserve Bank of Australia and graphs (monthly data of last three years) analyze the movement in the AUD-USD exchange rate. What factors do you think contribute to the behavior of the exchange rate?
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