Ten Year Lows for the AUD
It seems so long ago that the AUDUSD rate was above the historical average of 78 cents. Today we see the rate well below 70 cents and looking likely for lower levels as the weight of expectations of lower interest rates cause concerns. The global trade war doesn't look to be helping either!
What will this mean for Import's? Maybe this isn't the correct question! What does it mean for local manufacturing?