Aussie Surge May Signal Good Times for the Global Economy

By Tim Strube

To gauge whether the global economy is finally picking up, take a look at the performance of the Australian dollar since the end of June.

The world’s fifth-most traded currency climbed for a third day on Tuesday after the Reserve Bank of Australia left its benchmark interest rate unchanged and said consumer-price gains are likely to pick up.

There are further reasons to be optimistic. For the first time in six years, the price of Australian exports has risen for three straight quarters, boosting national income and tax revenue.

Read the full article in Bloomberg.

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Tagged in: global payments, exchange rates, AUD, ripple, currency conversion

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