Reported 2 days ago
The Australian dollar is poised for its first annual gain since 2020, fueled by a high interest rate stance from the Reserve Bank of Australia and anticipated economic stimulus from China. Predictions suggest the currency could rise to 68 cents by December, aided by inflation data and a weak US dollar. Despite a volatile landscape influenced by trade policies, analysts forecast a gradual recovery for the Aussie as the global economic dynamics shift.
Source: YAHOO