Bring the Australian Dollar down to about $0.60 in the US Dollar and a lot of industries will again flourish in Australia. That means wage earners parody with overseas wages will be competitive with countries we are now importing from.

Josephus, it is my understanding that our dollar is a mere small fish in a big sea and, it tosses and turns in accordance wit what happens in the US.

I must admit I don't know much about currency, so feel free to correct me if I'm wrong.

I wou,d also suspect that the banks would become nervous.

rehctub,
A lower value of the Australian dollar would mean less imports and purchases from overseas. Instead of buying 100 items for a dollar, we would only purchase 60 items at a dollar. However this is not likely to happen in the short term as we are still first world standard of living. Until our standard of living is equal to countries like China we will continue to purchase cheap imports. Consumers choice will continue to purchase products because of price in preference to the dearer Australian produced.

So in othe words Josephus it's never going to happen.