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With the high Aussie dollar, is now a good time to buy US shares? – The Motley Fool Australia
The Aussie dollar is trading at a 2-year high. Does this mean it’s a good time to buy US-listed shares like Apple Inc (NASDAQ: AAPL)?
As we covered recently, the Aussie dollar, our national currency, has been on fire over the past month or so, and is currently trading at a 2-year high.
Our Australian dollar is currently buying 75.18 US cents at the time of writing, but was buying as much as 75.72 US cents late last week.
Last week also saw the first time that the Aussie dollar has traded above 75 US cents since June 2018.
So with the Aussie riding high (and the greenback rising low), many ASX investors might be thinking that now…
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