Aussie dollar’s surge creates headwinds for beef exporters
Aussie dollar’s surge creates headwinds for beef exporters
THE Australian dollar has surged to three-year highs this morning, hitting US70.13c during trading – levels not seen since a brief spike in early 2023.
The previous time the currency was consistently above US70c was during the COVID era between 2020 and 2022.
Currency analysts suggest the current trend is more about an erosion in confidence in the US$ and concern about tariffs, rather than any particular support for the Aussie currency.
For the past 12 months the Aussie has mainly traded within
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