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Coronavirus sends Australian dollar to lowest level in over a decade - Business Insider

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The Australian dollar hits more than 10-year low as coronavirus drags on China, the nation's top trade partner

The Aussie dollar traded for as little at 66.61 cents to a US dollar Monday morning before paring some of those losses. The currency is down 4.84% so far this year.

What's dragging down the Australian dollar are two of the key relationships that determine the currency's value. For one, with China being Australia's biggest trading partner, the country is uniquely exposed toThat virus, which has already killed more than 900 and infected over 40,000, has caused economists across the Street

 

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