WebApr 3, 2024 · Natural resources. alumina, coal, iron ore, copper, lithium, tin, gold, silver, uranium, nickel, tungsten, rare earth elements, mineral sands, lead, zinc, diamonds, opals, natural gas, petroleum; note 1: Australia is the world's largest net exporter of coal accounting for 26.5% of global coal exports in 2024; coal is the country’s most abundant … WebThe Australian Dollar is known as a commodity currency due to its substantial raw material exports. As a result, the AUD is affected by China and other Asian import markets. Due to its relatively high interest rates, the Australian Dollar is often used in carry trades with the Japanese Yen. A carry trade is a strategy in which a currency with ...
Everything You Need to Know About the Australian Dollar: Facts, …
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