Australian dollar dives - ABC listen

In some unwelcome news for motorists, and those heading off overseas for Christmas, the Australian dollar has tumbled to a two-year low against the greenback.

The local currency dived when the US Federal Reserve -- the equivalent of the Reserve Bank -- said it wouldn't provide as much stimulus for the American economy as hoped.

It saw a big increase in demand for the US dollar and a sell-off in the Australian dollar.

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