Why is the Australian dollar falling so fast – and what does it mean?

Some analysts believe the dollar may go below US60c, bringing joy to exporters and tourists, but encouraging further interest rate rises

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The Australian dollar has been in a tailspin lately, particularly against the US dollar.

This week, the Australian dollar sank to as low as US63.63c, the lowest since last November. Excluding that dip, and a sharper one during the early Covid pandemic panic - when it was buying only about US57c - the dollar hasn't been this weak against the greenback since the global financial crisis in 2009.