The Australian dollar fell to as low as 73.50 US cents after the Qantah stock market rout and the Government announced it would cut government support to airlines.
The lower-than-expected sell-off of Qantahs shares came after the Government said it was cutting government support for airlines.
The stock market has been down over 60 per cent in 2017, wiping out nearly $1 billion.
The Australian dollar has fallen to as little as 73 cents, after the Federal Government announced that it was reducing government support.
The Reserve Bank has kept the overnight rate on hold, but has hinted that it could act soon to tighten monetary policy.
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