Cars, clothes, and your next overseas trip are all set to become more expensive

The Aussie dollar has fallen sharply, plummeting towards US70 cents. Cars, clothes, and your next overseas trip are all set to become more expensive.

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Every cloud has a silver lining though, and the upside is that we could end up paying less for petrol.

The Australian dollar plumbed a fresh six-year low yesterday, when it reached US70.44c, as it was hit by the global share market upset. That’s the lowest it’s been since since April 2009.

How will this fall in the dollar affect you? Will you be glad to see cheaper prices at the pump or has this news put your overseas trip in jeopardy?