Andrew Baxter

  While a recession can be a testing time, it also offers opportunities for those who are economically prepared. Struggling financially creates a lot of issues, but taking small steps today can make a difference tomorrow. Here are five tips that can help during a recession. 1. Understand What a Recession Means A recession is described as the economy collapsing and there being consecutive two quarters of negative economic growth. The limiter for seeing its impacts in the everyday world is noticing a rising unemployment, high inflation rate, slower wage growth, declining property value and the stock market crashing. While all of this is happening, the cost of living also increases which can rapidly scare people and encourage them to incorporate a set budget into their lives. As Australia did not experience severe recessions, such as the Global Financial Crisis (GFC) of 2008, it is worth noting that they do occur. The economy cycles through gradual downs and these periods wi...

  Just like many currencies across the world, the Australian dollar has also fallen, and this is impacting many Australians, including investors and businesses. As it stands, the currency is valued at roughly 61 US cents which is a marked decline. This trend makes one wonder, why is it so weak, how will it impact the economy, and what will happen next? The Strength of The US Dollar and Interest Rate Policy A major reason why the Australian dollar is falling in value is because the US dollar is gaining prominence and value. The US economy is currently on the third interest rate cut cycle and is expected to follow with further cuts. It normally happens that an interest rate reduction weaker the dollar if other currencies are strenge and increases the flow of US to. For some reason, this does not happen. The US dollar keeps losign its power and the Australian dollar barely moves. The economic future of Australia plays a crucial role in this phenomenon. It comes from a ...

The Strength of The US Dollar and Interest Rate Policy   A major reason why the Australian dollar is falling in value is because the US dollar is gaining prominence and value. The US economy is currently on the third interest rate cut cycle and is expected to follow with further cuts. It normally happens that an interest rate reduction weaker the dollar if other currencies are strenge and increases the flow of US to. For some reason, this does not happen. The US dollar keeps losign its power and the Australian dollar barely moves. The economic future of Australia plays a crucial role in this phenomenon. It comes from a weaker economy that is capturing market expectations and Australia having weaker currency. It is strongly suspected, that Australian is likely to cut interest rate which will further weakens the dollar. If cuts are made, it may extend the fall into 2025. The Impact of a Weaker Australian Dollar Higher Costs for Imports and Inflation With a weaker Australian dollar, i...