Some of the nation’s largest companies are bracing for more pain from a battered Australian dollar as investors worry that a global trade war will hit economic growth and further strengthen the US currency.
The Aussie has already shed US6¢ since September to around US63¢ and briefly fell below US61¢ in February as US President Donald Trump ramped up US tariff threats, making the price of goods from overseas much more expensive.
Source: https://www.afr.com/markets/debt-markets/why-a-battered-a-is-a-double-edged-sword-for-asx-stocks-20250227-p5lfop