The Australian Retailers Association says the strengthening Australian dollar should result in lower prices for shoppers in the lead up to Christmas, news.com.au reports.
Australian Bureau of Statistics data reveals the cost of imported goods are currently at their lowest level in 15 years with imports dropping 5 per cent since June this year alone.
Commentators say the high Aussie dollar may soon see a record number of consumers bypassing local retailers and going online to purchase cheaper items directly from the US.
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