How the Australian economy will be impacted by the result of the US election

It’s US election day, with Donald Trump currently in the lead against Kamala Harris as the polls close across the United States.

Economist Stephen Koukoulas has shed light on how the Australian economy will be impacted by the result of the election, especially with a Trump victory.

“What happens in the US, does matter to us,” Mr Koukoulas told Jacqui Felgate on 3AW Drive.

Press PLAY to hear the ‘interesting implications’ with the result of the election on the Australian economy and abroad

Mr Koukoulas stated money market interest rates have jumped “dramatically” in the last few hours, while also addressing the dire state of the Australian dollar since the voting got underway.

“The Aussie dollar has been smashed this afternoon,” he said.

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