Who will stop the dollar's carnage?

Australia's rising dollar is causing tremendous damage to our export industries, but the RBA can't cut rates further for fear of creating a property bubble. The government can no longer sit back and hope for a miracle.

When the Australian dollar hit US95c last night, it must have sent a shiver through our politicians and Reserve Bank officials.

Our export industries, including tourism and education, are being killed because our currency has become a pawn in the global money wars. 

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