| One of the largest producers in the commodity market is Australia, which sells 28% of its exports to China. A fraction of the size of its Asian counterpart, the Australian economy is extremely vulnerable to fluctuations in the Chinese market.
Its dollar appreciated more than any other major currency from the end of 2008 to this past July due to increased Chinese demand for iron ore, coal, and natural gas. Since demand has faded, the Australian dollar depreciated, losing 1.5 percent of its value this past month...............................................Full Article: Source
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