Records smashed as Australian dollar sinks to new lows

In short

  1. The AUD/USD drops under 60 cents for the first time since 2003
  2. The Australian dollar is also falling against other major currencies
  3. The RBA is likely to announce and interest rate cut and additional stimulus tomorrow

AUD to USD exchange rates

Time Open Low High
Today 0.5970
In the last week 0.5969 0.6533
In the last month 0.5969 0.6732

The Australian dollar smashed through 60 cents today, hitting a fresh 17 year low. The AUD/USD has not been this low since 2003.

It has dropped off a cliff in the last week as money has flooded into 'safe haven' currencies like the US dollar and Japanese Yen.

The worse the outbreak of the coronavirus, the lower the Australian dollar has fallen.