Why is the Aussie dollar plunging?

<p>The Australian dollar has hit a five-year low of 61.84 US cents this week - a level last seen during the early stages of the COVID pandemic. With Donald Trump&rsquo;s move into the White House - and the potential for harsh tariffs on Australia&rsquo;s major trading partners - only a few weeks away, the currency plunge has sparked fears amongst Australian commentators, some politicians, and financial experts.But what does a dropped Australian dollar actually mean for us - not just when we&rsquo;re planning a trip overseas, but in day-to-day life? Why is it happening now? Is there real reason to panic? To find those answers, Sam is joined by the Australia Institute&rsquo;s Greg Jericho.</p> <p>Host: Sam Koslowski<br />Guest: Greg Jericho<br />Producer:&nbsp;Orla&nbsp;Maher</p> <p>Want to support The Daily Aus? That's so kind! The best way to do that is to click &lsquo;follow&rsquo; on Spotify or Apple and to leave us a five-star review. We would be so grateful.</p> <p>The Daily Aus is a media company focused on delivering accessible and digestible news to young people. We are completely independent.</p> <p><strong>Want more from TDA?<br /></strong><a href="https://thedailyaus.com.au/newsletter/">Subscribe to The Daily Aus newsletter</a><br /><a href="https://www.youtube.com/@thedailyaus">Subscribe to The Daily Aus&rsquo; YouTube Channel</a></p> <p><strong>Have feedback for us?<br /></strong>We&rsquo;re always looking for new ways to improve what we do. If you&rsquo;ve got feedback, we&rsquo;re all ears.&nbsp;<a href="https://thedailyaus.typeform.com/to/D0EhJI4S">Tell us here</a>.</p><p>See <a href="https://omnystudio.com/listener">omnystudio.com/listener</a> for privacy information.</p><p>See <a href="https://omnystudio.com/listener">omnystudio.com/listener</a> for privacy information.</p>