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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
(c) Summarize the main driving factors behind the recent movement in AUD discussed in this article, including manufacturing PMIs, commodity prices and interest rates. Using the demand and supply framework discussed in part (a), explain how they impact the demand and/or supply in the AUD-USD market.
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