Completely satisfied Anniversary AUD: Australia Briefing

Good morning, it’s Ben right here on a heat morning in Canberra. Here’s what’s making information at present.

In the present day’s must-reads:
• 40 years since Aussie greenback float
• NZ’s PM says migration not “sustainable”
• Cyclone heads for vacationer hotspot

Australia’s greenback was floated 40 years in the past at present, beginning a tumultuous journey for what’s now one of many world’s most-traded currencies. The Hawke authorities’s determination ended up shielding the resources-reliant economic system from inflation pressures following commodity booms — and helped enhance Aussie exports throughout instances of world disaster.