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The Aussie dollar at a critical juncture and could turn fortunes for these ASX stocks – Motley Fool Australia
Investors should be paying attention to the Australian dollar as it could fall further and change the fortunes for a range of ASX stocks.
The Australian dollar could be at a decisive point as it slumped from its two-month high. Investors should be paying attention as our dollar could fall further and change the fortunes for a range of ASX stocks.
The Aussie battler was trading close to US74 cents early last month but retreated sharply to be around US70 cents this morning.
It’s resting on a psychologically important support line. If it gives up a little more ground, it could easily give up another cent or two. That may not sound …
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