FEARS of impending global recession and softer Chinese demand for commodities saw the Australian dollar drop to almost US70c against the US dollar, however a weakening dollar could offer some potential upside to struggling local resource plays.
The Aussie dollar fell more than 5c overnight, hitting US70.12c before picking up slightly to US72.29c at 11am EST.
Aus-PNG Network examines opportunities in five podcasts
No-confidence motion against Marape
Vanuatu PM 'safe' from no-confidence
