$A Spooks Yearling Buyers

It seems that the high-flying Australian Dollar has a negative impact not only in tourism, manufacturing and trading. The after-effect has now spread to the local thoroughbred industry: Yearling sales figures are down, according to sales figure of Inglis Easter Yearling sale. The local thoroughbred industry survived the economic downturn in 2008 in better shape than most of its international counterpart, but this year, many international buyers were dissuaded by the high Australian dollar. The high dollar is also prompting local buyers buying their yearlings from US, taking advantage of the favourable currency conversion.

Read the full post here at The Australian.

Image: dan / FreeDigitalPhotos.net

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