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Print Profit

by Clara robert (2019-02-01)

Here's a quick look at why the AUS, NZD and CAD Print Profit Review all underperformed in 2015 Loonie Reaches Decade-Plus Low It was a rough year for the Canadian dollar. In September, the Loonie declined to its lowest valuation in 11 years compared to the U.S. Dollar, before declining to 12-year lows by the end of the year. Weak oil prices were a major driver of the year-long decline of about 20 percent compared to the greenback. As energy prices continue to hover around rock-bottom prices, the Canadian dollar won't likely to start its rebound. Plus, even as oil prices start to tick up, which many are speculating with come in Q2 of 2016, it will be a slow uptrend for CAD.Australian Dollar Declines on Export Prices: Like the Canadian dollar, the Aussie similarly dropped due to weakening export prices. But the Australian economy isn't nearly as reliant on energy as Canada. In Australia, commodities like ore, gold and other metals, as well as wheat, are the primary exports, and throughout 2015, commodity prices cooled off. Additionally, Australia was also affected by the sluggish Chinese economic growth, as the two economies are closely tied. Due to these circumstances, the Aussie declined about 12 percent compared to the USD.