The Low Road For The Aussie Has Real Consequences For You!

The Australian dollar has fallen sharply, falling at one point to a multi-year low of 61.88 US cents — a level not seen since October, 2022. A weak Australian dollar, which was changing hands at US62.20¢ on Thursday, makes imported products such as oil more expensive, adding to domestic inflation. Whilst a weak Aussie can be seen as welcome news for Australian exporters as their goods and services become more price competitive, and for international tourists visiting Australia, for Australian tourists heading overseas, it can pose a problem to the hip pocket nerve and importantly, a falling Australian dollar can […]