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A$ tipped to weaken and this ASX share stands to gain the most from that



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.

The broker looked at the forward curves (the future pricing of the Australian dollar against the US dollar). The Aussie is predicted to average at…

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