Australians have come to the realisation that life will be an absolute misery with a lower Australian dollar. It comes just months after Australians came to the realisation that life was an absolutely misery with a high Australian dollar.
Economist Trudy Jenkins said the above-parity levels that have persisted for much of the past three years were “way too high”. She added that the recent below parity levels, were “much too low”.
Meanwhile, retailer Gerry Harvey, who recently said the high Australian dollar was killing his business, said the lower Australian dollar was killing his business. He labelled the Australian Dollar ‘un Australian’.
Mr Harvey suggested doing away with currency altogether and using small white goods as units of trade instead.