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Dollar below parity

by Bjarne Sorensen | May 27, 2013

After a long period above parity with its U.S. counterpart, the Australian dollar has now fallen to about US98¢.

While this may be bad news for importers, or travelers planning their next trip to the United States, it is a welcome relief for a number of Australian industries that relies on export. If the downturn for the Aussie dollar persists – it will open up a range of new possibilities for Australian exporters such as wineries, the resource sector, and manufacturers.

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