Australian dollar fell to US0.5 cents to US47.40 cents after the Federal Reserve announced it would cut interest rates.

It was the first time the Australian dollar has lost value against the US dollar since June 26, 2009, when the US central bank cut interest payments to the Australian government by a quarter.

The dollar was trading at US97.60 cents at 7:20pm AEST, down 0.9 per cent.

“I don’t think the market thinks the world is going to end any time soon, it is a little bit of a bubble,” James Macleod, chief economist at Capital Economics, said.

“That will be a big worry for the Australian economy. “

The market is really worried about that. “

That will be a big worry for the Australian economy.

The market is really worried about that.

It has been a very volatile time.”

Inflation The Australian dollar was last up 0.4 per cent to US98.40 in late-September, after the Reserve Bank cut rates by a second in a row.

The cut was seen as a reaction to the US Federal Reserve’s decision to keep interest rates low and a boost to the dollar against the euro.

The Fed’s decision, however, has now triggered a fall in the dollar to the lowest level since early September.

Inflation has hit double digits, with the average annual rate of inflation hitting 9.3 per cent in August, compared with a 6.2 per cent annual rate in July.

The Australian Bureau of Statistics (ABS) said on Thursday that consumer prices were down 0,9 per a cent in September, which was more than the 0.6 per cent decline in August.

The inflation rate is forecast to stay low for the rest of the year.

“Inflation has been extremely volatile this year,” Mr MacleOD said.

Aussie dollar trading against the dollar in the US and the Euro, as seen in this chart, is pictured in this image released by Reuters in London, August 24, 2017.

“If you look at the US, the trend is quite clear.

We will see what happens with the economy. “

What is the longer term view?

We will see what happens with the economy.

It is not a one-off event.

There is a lot of uncertainty around the economy, and there are a lot more questions about what is going on.”

The Australian currency is expected to recover more quickly than the other major currencies, with a US interest rate cut being followed by another in a fortnight.

“We don’t expect a significant move in the currency and we expect the exchange rate to recover,” Mr Macintosh said.

The Federal Reserve on Thursday increased interest rates for the first quarter of 2019, as it sought to bolster the economy following the strong global recovery.

The move followed the Reserve’s December decision to reduce its benchmark lending rate to a record low.

It followed a similar move by the US last month.

“Given the strength of the US recovery and the prospects for the recovery in other advanced economies, the Committee is now prepared to keep rates near zero for the foreseeable future,” the Fed said in a statement.