Let's see, resources/primary produce go to china/Asia, credit from all over world. No tourism or student money. The debt is at low interest rates.
W.A exports is keep the dollar from crashing, not Melbourne revenue.
So, you are correct. Resource export dollars are keeping the ozzie dollar from crashing.
If IR go up, house prices crash.
Look out for USA FR rates.
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Let's see, resources/primary produce go to china/Asia, credit...
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