AUD hits two-year low: Aus shares slip 1.7 per cent | Finance Report

The Australian share market has seen a sea of red, closing 1.7 per cent lower. Meanwhile, the Australian dollar has dipped below 62 US cents for the first time in two years, after the US Federal Reserve lowered interest rates but hinted at fewer rate cuts in next year. Fnance reporter Alan Kohler discusses the money-to-fools ratio and explains why prices are going up.

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