Natural resource sales send USD to Australia. AUD is now worth more because it is backed by more USD. Manufactured exports are also traded in USD, so Australian exports become much more expensive because workers and local materials are paid for in AUD.
Natural resource sales send USD to Australia. AUD is now worth more because it is backed by more USD. Manufactured exports are also traded in USD, so Australian exports become much more expensive because workers and local materials are paid for in AUD.