The Australian dollar has fallen Thursday, buying 64.84 US cents at 1015 AEDT down from 65.05 US cents from at the market close on Wednesday.

The Australian share market has plunged nearly two per cent in a sell off across the board after the coronavirus was declared a pandemic and US equity markets plunged overnight.

Prime Minister Scott Morrison is due to deliver details of his governments’ more than $10 billion stimulus package on Thursday morning.