Why 2012 Could Bring the Needed Dip in the Aussie Dollar

President Obama got some good news yesterday morning: The U.S. unemployment rate fell to 8.5 percent from 8.7 percent. Imagine, though, the bragging rights he’d have if he could pull it down to Australia’s impressive number: 5.3 percent. However, on Bloomberg this week I came across an article discussing a little-watched dynamic between Australia and China that on a greater scale could threaten that envious rate … On Australia’s Gold Coast, a 22-mile-long stretch of beaches named Surfers Paradise and Rainbow Bay, Neil Rech opened a surf shop in December and unwittingly disturbed the peace. His store, Sedition Surfboards, sells Chinese imports for $258, one-third the cost of some Australian-made boards that competitors are offering. Rival retailers . . . → Read More: Why 2012 Could Bring the Needed Dip in the Aussie Dollar