This shows how vulnerable the Australian dollar is to any challenge to the outlook for global growth
— Tony Morriss, Currency Strategist
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Do you think the depreciation is due to the US economy or is it because of internal issues in the Australian economy eg the CAD thats causing a loss of confidence? Also what is the link between the ASX falling and the $Aud falling? Was the fall expected, seems as the $Aud has been so high recently (maybe overvalued)?