The white-anting of Australian industries has been caused partly by the abnormally high exchange-value of the Australian dollar in terms of other currencies. The dollar’s value has been driven upwards by the resources boom and high interest rates.
Ask any farmer, car industry executive or any owner of a manufacturing business across the country: what does a high Australian dollar mean for you?
They will tell you that a high dollar makes their export products dearer and less competitive on …
