Australian Dollar Set to Rise Into 2025, Experts Say

The local currency is poised to retest its highs of December in the next few weeks, analysts and economists say, while the Australian dollar could trade for as much as 70 U.S. cents in the next 12 months. The Aussie has risen from just over 64 U.S. cents in mid-April to around 67.50 U.S. cents in recent days, and was buying 67.75 U.S. cents on July 12 evening. It briefly hit a six-month high of just under 68 U.S. cents late on July 11 night after monthly U.S. inflation data came in softer than expected, firming odds of a U.S. interest rate cut in September—and perhaps as many as three cuts in 2024....