WELCOME to Money, TD’s Tue feature on what the Australian dollar is doing.
The AUD has done Aussie travellers very few favours this week with the currency down against most major currencies.
Notable was a close to 15-month low with the Euro thanks to an improving European economy and the winding down of a long running money-printing stimulus program.
The other big drop was against the British pound which saw a 0.7% fall after the UK currency bounced back after last week’s heavy selling.
On the plus side, local tourism should see a boost from overseas travellers on the back of the current currency slide.