# The Aussie dollar is near a 2-year high. Here's what it means for ASX shares

> The Australian dollar traded near 73.62 US cents, close to its 2-year high of 74.1 US cents, after recovering from about 70 cents at the start of November. The currency is almost 30% above its March and April pandemic lows near 55 cents. The article discusses how a stronger AUD affects the cost of imports and exports for ASX-listed companies.

- Date: 2020-11-27 · published 2020-11-27T12:00:00.000Z
- Category: macro · region Australia · magnitude low
- Page: https://feedsoft.ai/events/50403-the-aussie-dollar-is-near-a-2-year-high-here-s-what-it-means-for-asx-shares
- Commodities: [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

A stronger AUD raises the USD price of Australian grain and barley exports, which can narrow export competitiveness and affect offshore buyers' demand.

## Read by commodity

- AUDUSD: bullish ▲

## Sources

- fool.com.au: https://www.fool.com.au/2020/11/27/the-aussie-dollar-is-near-a-2-year-high-heres-what-it-means-for-asx-shares/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.