Winners and losers in Aussie dollar drop

Australian exporters and tourism industries will benefit from the drop of the Australian dollar, while importers and shoppers will feel the pain.

File image of Australian dollar. — The Australian dollar has fallen below 90 cents (US).

1 min read

Published 1 August 2013 8:18pm

Updated 26 August 2013 10:48am

By Katrina Yu

Source: SBS

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Exporters, such as wine producers, and tourism industries will benefit from the drop pf the Australian dollar, while importers, shoppers and Australians travelling overseas will feel the pain.

The downward trend is set to continue for the next year and a half, with the dollar expected to hover between 85 to 88 US cents.

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