The Australian dollar - just paper and expectation

Investors who have exposure to international shares already know this: the falling Australian dollar has been a mighty friend, even in roiling markets. Will that friendship continue? There is no fundamental value for the currency – it’s just paper and expectation, after all. Its level is set every time a business or financial trader wants to transact. And because commodity prices are falling, the number of dollars required has been falling, so the dollar drops, so commodity prices fall... and so on. What will break this fall? Nobody knows. But every single Australian investor needs some exposure to a currency outside the Australian dollar. This interview on Livewire explains why -