The Australian dollar continues to descend lower against the US currency, sinking as low as US67.6c during currency trading this morning, before settling at US68.1c this afternoon.
The dollar’s current value is the lowest seen since a brief period of panic at the start of the COVID pandemic in March 2020, when it sank briefly to US58c.
Today’s figure is down US6.8c or nine percent over the past year. 2016 was the previous low-point where the currency fell to around current levels.
The Aussie dollar is not the only currency being hit in cross rates against the US Greenback. Both the…
