The Aussie dollar is in rough shape at the moment, having fallen to its lowest point since late last year. But what impact is that having on the local economy?
The Aussie dollar has fallen more than 6 percent over the last month to lows not seen since last November.
Despite that dip and another during the worst of the Covid-19 shock, the dollar hasn’t been that weak since the global financial crisis in 2009.
It’s a similar story against the Euro, where it’s buying around 59 Euro cents, which again if you exclude a brief Covid dip, is the lowest point since the GFC.
Now, this might be welcome news to exporters and people in the tourism industry, but it can have wider impacts on an economy so dependent on imports like Australia’s?
So what are those impacts and what can we expect if it continues on this current trend?
