Aussies have been in the fortunate, if not rare position, of being able to cash in on cheap US imports for past couple of years, but that all looks like it is about to end.
With US economic situation showing distinct signs of a turn around, the Australian economy is showing the exact opposite, putting pressure on our dollar and seeing it start to slide.
For anyone following the dollar at the moment, you will know that the outlook doesn't seem to be that great. Small bounces are expected, but the general trend seems to be heading in one direction .... DOWN!
Where will it flatten out, not sure anyone can predict that with any real certainty, however most seem to agree it will end up in the low 80 cent mark sooner or later.
So, moral of the story ..... if you do import from the US, may well be time to stock up As much as I have my fingers crossed it will come back up and become stable, the chances are it will be mostly down hill from here!