Factors canvassed by www.rossgittins.com contributing to the recent depreciation of the Australian dollar include lower demand from China and expectations of stable or high-interest rates in the US, which discourage investment in Australia.

The dollar has depreciated from over US70¢ to around US62¢, impacting various sectors of the economy.

While a weaker dollar increases competitiveness for exporters and reduces competition from imports, it also raises costs for importers and travelers.