The Aussie dollar has dropped to pandemic levels, what’s behind the fall?

The Australian dollar has dropped to a five-year low as the US and China increase tariffs, causing uncertainty in the market. The Yuan’s struggles due to US tariffs are impacting the Australian dollar, as the two currencies are linked. Consumers may feel the effects through more expensive imports, particularly in petrol prices, but essential costs like fees, rent, and childcare should remain stable.

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