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| Name | Why the Aussie dollar is at a 30-year high against the Japanese Yen | The Business | ABC News |
| Video Uploader | Video From ABC News (Australia) |
| Upload Date | This Video Uploaded At 08-07-2024 09:15:00 |
| Video Discription | Japan has become a preferred destination for Australians travelling overseas, with the Japanese Yen languishing at a 30-year low. NAB's head currency strategist, Ray Attrill says the currency is weak because the nation has very low interest rates. The Bank of Japan hasn't followed the US Federal Reserve in hiking rates. He says the Australian Dollar is also close to its highest level against the greenback this year because the market is getting more fearful that the RBA isn't done raising interest rates. #ABCBusiness #JapaneseYen #AustralianDollar #ExchangeRate Subscribe: http://ab.co/1svxLVE ABC News provides around the clock coverage of news events as they break in Australia and abroad. It's news when you want it, from Australia's most trusted news organisation. For more from ABC News, click here: https://ab.co/2kxYCZY Watch more ABC News content ad-free on ABC iview: https://ab.co/2OB7Mk1 Go deeper on our ABC News In-depth channel: https://ab.co/2lNeBn2 Like ABC News on Facebook: http://facebook.com/abcnews.au Follow ABC News on Instagram: http://instagram.com/abcnews_au Follow ABC News on X (Twitter): http://twitter.com/abcnews Note: In most cases, our captions are auto-generated. #ABCNews #ABCNewsAustralia |
| Category | News & Politics |
| Tags | Australia | abc | abc news | news |
