Aussie dollar comeback could turn off foreign buyers
Despite Chinese investment in Australia plummeting almost 60 per cent in a year, the planet being engulfed in an era-defining lockdown due to a global health crisis that is still peaking, and unemployment soaring around the world, a pugnacious Aussie dollar has somehow climbed off the canvas.
A strong Australian dollar can be a major hurdle for foreign buyers. Photo: Shutterstock (Image source: Shutterstock.com)
Despite Chinese investment in Australia plummeting almost 60 per cent in a year, the planet being engulfed in an era-defining lockdown due to a global health crisis that is still peaking, and unemployment soaring around the world, a pugnacious Aussie dollar has somehow climbed off the canvas.
The Australian dollar is seen as a risk barometer, taking blows when times are uncertain and winning bouts against all currencies when the sun is shining o…
