Business News

Heading on an overseas holiday? The Australian dollar tumbled this week – but that’s not bad news for everyone

Written by Mark Crosby, Professor of Economics, Monash University

This week, the value of the Australian dollar fell to 62 US cents, its lowest level since October 2022.

The acute cause? A revelation by the United States Federal Reserve that it expected interest rates to bottom out at higher-than-expected levels in two years time, due to fewer rate cuts in 2025.

Typically, higher...

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