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The Aussie dollar just hit a new 2-year high. Here’s what that means – The Motley Fool Australia
The Australian dollar has just broken a 2-year high, and is still trading above 74 US cents today. Here’s why, and what it means.
The Australian dollar has just hit a new 2-year high.
Yes, our national currency hit a new high overnight. According to reporting in the Australian Financial Review (AFR) this morning, the dollar hit a high of 74.53 US cents last night, which is reportedly its highest level since August 2018 – more than 2 years ago. The dollar has pulled back somewhat since, and is trading at 74.17 US cents at the time of writing.
Why the dollar is on the rise
So why is our dollar pushing these new highs? It’s likely…
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