When our dollar rises, some things like holidays are cheaper overseas but that’s not the end of the story. Have a look at the chart above and you’ll see that the Aussie dollar has gone from 62US cents to 70US cents over the year. While Trump wants lower interest rates to lower the dollar, Powell will only play ball if the US economy looks weak. Those planning a holiday or investing in overseas stocks or funds should get set for a higher Aussie dollar, which will make foreign holidays cheaper. If the Aussie dollar is rising and the US dollar falling, exporters paid in US dollars get fewer Aussie dollars when they bring their US currency home and convert them to our local dollars.