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Market crash: What does it mean for me?

TOPSHOT - Traders work on the floor of the New York Stock Exchange (NYSE) at the opening bell in New York City, on April 3, 2025. Wall Street stocks sank in early trading on April 3,2025, joining a global equity selloff after President Donald Trump's latest tariff announcement exacerbated worries about a trade war and global economic downturn. (Photo by CHARLY TRIBALLEAU / AFP)

The Aussie dollar has plunged below 60 cents against the USD, while $160 billion was deleted from the ASX within minutes of opening on Monday. But what does that mean to everyday Australians and what should they do about it?

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