Economic experts have warned that the Australian dollar could fall to its lowest level in 20 years.
A few months ago, the Australian dollar was trading at 0.69 US dollars, but this year, it has reached an all-time low.
Critics argue that the rising values of the pound and euro, coupled with global economic trends, will continue to put pressure on the Australian dollar.
This decline is also linked to broader economic factors that are contributing to the slowdown.
Experts have highlighted that this marks the lowest value of the Australian dollar since 2003.
As a result, the country may face challenges related to international trade and inflation.
The ongoing economic uncertainty is expected to further influence the currency’s performance in the near future.
