3 ways to benefit from a lower Aussie dollar

Financial Journalist
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Predicting short-term currency moves or buying stocks solely on the basis of currency expectations is dangerous. There are better ways to profit from a lower Australian dollar.

This week’s equities sell off put currencies front and centre for investors. The US/China trade war escalated after President Trump placed a 10% tariff on another US$300 billion of Chinese goods, and China let the Yuan drop to an 11-year low against the Greenback.

Our share market is down almost 5% from its recent high as this column is written and the Australian currency is US67.17 cents.  Our dollar hit a 10-year low this week after New Zealand’s central bank surprisingly cut interest rates. Investors fear the worsening trade dispute will cause a recession in parts of Asia and crimp global economic growth.

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