Disclaimer: We would like to point out that the opinions expressed in this post are exclusively those of the speaker. This information may not be applicable to your personal situation — please contact your tax advisor or financial expert for sound advice.
“Holidays back home and online shopping are becoming significantly more expensive”
Australian banknotes and coins. Source: Moment RF / Vicki Smith/Getty Images
US President Donald Trump's new tariffs are causing turbulence on financial markets worldwide — with noticeable consequences also for the German-speaking community in Australia. The Australian dollar recently fell to a record low of just 55 euro cents — the biggest daily loss since the 2008 financial crisis. This has direct consequences: Travel to Europe or the USA is becoming more expensive, as is online shopping abroad. How long this price slide will last is unclear — but experience from previous crises shows that the dollar could be weakened for months.
Share
