Business
The Aussie dollar is near a 2-year high. Here’s what it means for ASX shares
The Australian dollar, our proud national currency, is having a great time lately. At the time of writing, ‘the Aussie’ is buying 73.62 US cents, after touching the 74 US cents mark briefly earlier this week. At these levels, the Aussie is getting awfully close to breaking a 2-year high of 74.1 US cents.
It’s been a remarkable turnaround for the national currency, which was trading as low as 70 US cents just at the start of this month. We are now almost 30% higher from the record lows the dollar touched during the coronavirus-induced market crash that we went through in March and April. Back then, our dollar dipped as low as 55 US cents, its lowest level against the greenback since 2002.
Our dollar is also now far higher…
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