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The Guardian - AU
The Guardian - AU
Business
Greg Jericho

Don’t panic – despite the headlines, the Aussie dollar isn’t crashing

Australian dollar coins and banknotes
Australians are most likely to feel the impact of exchange rate shifts and a falling dollar at the petrol pump. Photograph: Joel Carrett/AAP

As I returned to work after the Christmas holidays, I checked in on how the economy was going and was rather startled to read the headline “Panic as Aussie dollar crashes to five-year low”. Cripes. So much for easing into the year.

It wasn’t even a week in and already I was wondering if I needed to rush to the shops and buy up all the canned goods on offer. But, as is often the case with economics and news headlines, things are not as grim as they might seem.

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