Falling Australian dollar spells bad news for travellers and shoppers
by Luca Ittimani from on (#6WEN9)
The value of one Australian dollar dropped to a low of 59.64 US cents, its lowest point since April 2020
- Bloodbath' market opening sees ASX shed $160bn
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Consumers and travellers will face higher prices after the Australian dollar fell to Covid-era lows, as markets reel from Donald Trump's liberation day" tariff plan.
Fears of a global recession dragged the Australian dollar sharply lower on Monday against the country's major trade partners and to its lowest point against the Euro, pound and US dollar since 2020.
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