Summary: Australian equities have fallen to their lowest point since March as the US dollar surges, causing a fall in the Australian dollar that spooks foreign investors. The slide in the iron ore price is also weighing on the market. The drop is a boon for investors as value has returned to the market.
Key take-out: It’s a good time to go shopping and top up or recalibrate your portfolio as Australian equities are trading at a discount. Banks in particular offer value at these levels.