Friday, 21 May 2010

The Positive Side Of The Aussie Plunge - 21/5/10


Travellers already seek out Australia for its natural beauty, but with the recent plunge of the Australian dollar we can expect many of these travellers to return to our shores.

The SMH reported today that "the Australian dollar was in freefall this afternoon, plunging to as low as 82.56 US cents against the greenback and falling sharply against other major currencies, on renewed worries about the health of the global economy."

In a positive spin, we can expect particular interest from the People’s Republic of China in the Australian luxury goods industry, given that they suffer from incredibly high taxes in their own country.

Image credit: abc.net.au

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Posted by MO at 6:00 am
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Melinda O’Rourke is the founder and Director of MO Luxury, a dynamic, Sydney-based management firm specialising in luxury brands and services. Melinda and her associates at MO work with local and international brands across prestige retail, fashion, fine jewellery, timepieces and specialised services. Melinda is well-connected, well-read, and well-versed in the demands of the luxury market and its client base. Her advice is firmly based in objectivity and ultimately, accountability. Melinda offers constructive counsel and both strategic and creative thinking and is able to draw upon a strong network of specialised talent to compliment the MO Luxury team as needed. Melinda enjoys excellent industry relationships and is regularly quoted in the business and fashion media. Read more about MO Luxury, www.moluxury.com.au