As in most countries, the foreign exchange market has the largest turnover, with about $ billion a day, a little over half of which involves the Australian dollar. The Australian foreign exchange market is the ninth largest in the world and the Australian dollar is the seventh most actively traded, marginally behind the Canadian dollar.
It continues to be restrained by the consolidation of household balance sheets and slow growth in employment.   While growth in core Europe has been stronger than expected, necessary fiscal austerity measures in a number of countries will restrain growth over the projection horizon.