| Home | March 2012News | Borrowing appetite wanes as Aussie dollar continues to hurt exporters |
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 Borrowing appetite wanes as Aussie dollar continues to hurt exporters- Borrowing appetite wanes as Aussie dollar continues to hurt exporters
- March 14, 2012
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large number of Australian exporters are pulling back on their borrowing intentions in response to the continued strength of the Australian dollar, according to the latest Commonwealth Bank Aussie Dollar Barometer.
The high Australian dollar is having a marked impact on borrowing appetite in different sectors. Over 40% of exporters (41%) reported that the high Australian dollar had decreased their appetite to borrow. The high dollar appears to be having a more defined effect on the borrowing appetite of smaller businesses over large businesses. A net quarter (25%) of businesses with turnover of $5-25 million indicated they were less likely to take on additional debt. Larger businesses, however, revealed t...
- View more at: http://www.1888pressrelease.com/borrowing-appetite-wanes-as-aussie-dollar-continues-to-hurt-pr-381893.html
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