A bucket-wheel reclaimer sits next to a pile of coal at the port in Newcastle, Australia, on October 12. President Xi Jinping’s pledge to make China carbon neutral by 2060 and continued tensions between Beijing and Canberra have clouded the outlook for the Australian dollar. Photo: Bloomberg
Opinion
Opinion
Macroscope
The Australian dollar is under threat from crumbling China relations and further monetary easing
- China’s pledge to be carbon neutral by 2060 and political tensions between Beijing and Canberra are exposing vulnerabilities in Australia’s economic model
- The Australian dollar’s popularity as a source of yield could fade as the central bank pursues looser monetary policy in response to the pandemic
A bucket-wheel reclaimer sits next to a pile of coal at the port in Newcastle, Australia, on October 12. President Xi Jinping’s pledge to make China carbon neutral by 2060 and continued tensions between Beijing and Canberra have clouded the outlook for the Australian dollar. Photo: Bloomberg
