Photo: © 2010 AP via AAP/LARRY MACDOUGAL

The Aussie dollar has fallen more that 10 per cent against the US dollar in the last month, its biggest drop since the global financial crisis.

Share prices are also spiraling downwards, but Kevin Rudd says the resources industry is faring better than many other sectors.

"Everybody around the world knows there is a genuine crisis of confidence in Europe,'' Kevin Rudd said today.

"As a consequence, there are significant changes in currency markets and equities markets right across the world.

"The adjustment in the minerals index was less than that which occurred in the overall stock market index, and I think it is important to bear that in mind.''