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