There’s something strange going on with the currency. Expect expensive overseas trips, takeover activity, more foreign buyers in the real estate market and a federal budget boost.
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The Australian dollar’s slump against the US greenback to around levels last recorded in the 2020 pandemic and 2008 global financial crisis has a lot of people talking.
With the Aussie hovering around US62¢ since December, Australians are finding it more expensive to travel overseas, while foreign travellers are taking advantage of their bigger spending power here, travel agents say.
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Original URL: https://www.afr.com/policy/economy/winners-and-losers-from-the-aussie-dollar-s-near-five-year-low-20250108-p5l2tb
