ABC News Daily
What Trump and China did to the Aussie dollar
Jan 15, 2025
Ian Verrender, ABC's chief business correspondent, shares his expertise on the economic implications of the Australian dollar's decline. He highlights how Trump's tariffs and policies have strengthened the US dollar, impacting Australia's currency. Ian argues that, despite challenges, interest rate cuts should remain an option for the Reserve Bank. He explores the interplay between the Aussie dollar and China's economic slowdown, as well as the speculative nature of currency fluctuations, making a compelling case for understanding these global dynamics.
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Quick takeaways
- The decline of the Australian dollar is influenced by the strength of the US dollar, driven by Trump's tariffs and economic policies.
- There's a debate regarding interest rate cuts in Australia, balancing the low dollar's benefit for exporters against potential inflation risks.
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