It will not only have to lure viewers, but the networks themselves. Menu. Australian dollar lifts on Wall St rally. 1 hour ago.

The Australian dollar is overdue for a correction and is likely to settle around US90� this year as a continuing recovery in the world's biggest economy pushes the US dollar higher, currency experts say.

Bell FX Currency Outlook The Australian Dollar's recent fall has stabilised with the local currency opening trade this morning in the mid 0.9700's.

Deborah Knight: The Aussie dollar is well and truly on the way down after spending most of the last couple of years valued more than the US dollar.

At 0628 AEST Saturday morning, the local currency was trading at 97.39 US cents, having recovered slightly from the 97.28 US cents it was trading at earlier in the session.

The Australian dollar has dropped sharply over the past two weeks. It's fallen 6 cents against the US currency, taking it to lows not seen since early last year.

To give you a sense of how significant such a move could be, the Aussie traded at 1.05 against the dollar in mid-April. So a drop to $0.80 would be a 23.8 percent decline.

The Australian dollar has fallen to its lowest level in almost a year, with no signs the sell-off will be over any time soon.

Over the past month, the Australian dollar has dropped more than 5% against the greenback, sparked by doubts over Chinese growth and fuelled by the reserve bank's interest rate cut last week.

SYDNEY�There could be a wave of selling in the Australian dollar if the currency breaks an important support level, traders warned on Thursday.