Business
Some ASX winners and losers from a high Aussie dollar – Motley Fool Australia
ASX shares like Wesfarmers Ltd (ASX: WES) and JB Hi-Fi Limited (ASX: JBH) are amongst the winners from a recently surging Aussie dollar.
One of the biggest surprises on financial markets over the past 2 weeks has been the surging Australian dollar. The Aussie dollar is today asking 73.52 US cents after going as high as 74.1 US cents earlier in the week.
It’s been a remarkable 2 weeks for our national currency, which dipped as low as 71.3 US cents a fortnight ago. The Aussie is now more than 33% higher than the 55 US cents level it touched during the coronavirus-induced share market crash back in March.
The exchange rate is one …
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