Business
These ASX stocks at earnings risks as the Aussie is forecast to hit US80 cents – Motley Fool Australia
The Australian dollar surged to more than two-year high. That’s bad news for many S&P/ASX 200 Index (Index:^AXJO) stocks.
The Australian dollar surged to more than two-year high and some experts are predicting it will go a lot higher. That’s bad news for many S&P/ASX 200 Index (Index:^AXJO) stocks.
The Aussie battler is currently trading at US74 cents, taking its gain since the depth of the COVID-19 in March to nearly 30%.
The advance isn’t over as market economists are predicting our dollar to hit US80 cents next year, reported the Australian Financial Review.
What’s driving the exchange rate
It’s more the…
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