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Strong dollar forces exporters to stop borrowing

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Exporters are reassessing their intention to borrow as the strong Australian dollar continues to hurt businesses, reports the latest Commonwealth Bank study Aussie Dollar Barometer. Over 40 percent of exporters said that the high dollar had made them less likely to take on additional debt, with the situation particularly affecting smaller exporters. A net quarter of businesses with a turnover of $5-25 million indicated they were less likely to take on debt. 14 percent of larger businesses, conversely, were more likely to increase their borrowing because of the high dollar.

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