Don’t panic – despite the headlines, the Australian dollar isn’t crashing | Greg Jericho
by Greg Jericho from on (#6TEHZ)
While our currency is lower than it's been for a while, there is no sense of a crash. The RBA's focus should be on the domestic economy and rate cuts
- Follow our Australia news live blog for latest updates
- Get our breaking news email, free app or daily news podcast
As I returned to work after the Christmas holidays, I checked in on how the economy was going and was rather startled to read the headline Panic as Aussie dollar crashes to five-year low". Cripes. So much for easing into the year.
It wasn't even a week in and already I was wondering if I needed to rush to the shops and buy up all the canned goods on offer. But, as is often the case with economics and news headlines, things are not as grim as they might seem.
Sign up for Guardian Australia's breaking news email
Continue reading...