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AAP
AAP
Business
Derek Rose

Aussie hits 22-month low against US dollar

United States Aussie Australia Australian Dollar
The Aussie is at its lowest level in nearly two years against its US counterpart. (AAP)

The Australian dollar has hit a 22-month low against its US counterpart, as COVID-19 lockdowns in China strain the economy of Australia's largest trading partner.

The Aussie was buying just 69.21 US cents on Tuesday morning, after staying almost entirely above the 70 cent mark since since July 2020. A little over a month ago it was buying 76 US cents.

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