Quote:
Originally Posted by BMW86
Woah what is going on with the AUD!!??
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AUD is not considered a safe haven during this economic downturn, and investors are betting the RBA to drop interest rates.
Our dollar was artificially inflated because of the much higher interest rate that we 'enjoyed' compared to other countries (0% in the USA). Since we're due for a rate drop, demand for the AUD will be much less, causing it to fall below parity.