Exchange Rate determination - identify and contextualise what drives the value of the Australia's currency compared to the USA

• Identify any major shifts in fiscal or monetary policy - how might this impact on the value of the currency
• What is the role of the respective central banks? Is the exchange rate managed? Is there discussions around a Central Bank Digital currency? How might this impact on the exchange rate
• Are there concerns around capital flows?
• If the exchange rate is flexible how volatile have fluctuations been
• How sensitive is the economy to changes in the exchange rate?