The market is pricing in an earlier than expected easing of economic stimulus measures by the US Federal Reserve, which in turn, has strengthened the greenback.
So where to now for the Australian dollars, and for those Australians heading overseas to escape the local winter for a northern Hemisphere summer in the next few months, should they exchange now?
SBS Business Reporter Ricardo Goncalves spoke with NAB's Global Co-Head of FX Strategy, Ray Attrill.