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The Aussie dollar is near a 2-year high. Here’s what it means for ASX shares – Motley Fool Australia
The Aussie dollar is nearing a 2-year high against the US dollar. Here’s what that means for ASX shares and the share market.
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…
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