From Theage.com.au: The Australian dollar may sink to as low as 50 US cents even as import demand shrivels, led by a slump in machinery shipments.

Data out today showed merchandise imports sank by 14% in January, or $2.86 billion, from the previous month to $17.261 billion. That compared to a downwardly revised $20.121 billion in December, the Australian Bureau of Statistics…. Full Article: Source