Debate during this bull market has focused on whether to buy high growth ASX tech shares or cyclicals and value shares, but we shouldn’t ignore their forgotten cousins – ASX defensive shares.
ASX winners and losers from the Victorian budget
ASX winners and losers from the Victorian budget
The Victorian state government handed down its budget today with billions in new taxes and cuts that will create winners…
Brendon’s passion for shares started by accident in 2003 and he has worked in various roles around capital markets ever since as a trader, stock analyst and markets reporter with the Australian Financial Review. Most of his wealth has come from share investing than any other asset class, and that has given him the financial freedom not to work full-time, if he chooses to.
Aussie dollar tipped to weaken and this ASX share stands to gain the most
Brendon Lau | April 8, 2021 12:36pm |
More on: Image source: Getty Images
The golden run in the Australian dollar may be over and that could have implications for a number of ASX shares.
The Aussie crashed to around US57 cents during the height of the COVID-19 mayhem in March 2020 but came roaring back.
It peaked at just under US80 cents in February this year before easing back to just over US76 cents.
Australian dollar past its prime
The Aussie battler is unlikely to be testing new highs anytime soon. It’s even tipped to weaken further, according to JPMorgan.