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Return of the Aussie Dollar
2024 outlook could be bullish for an Australian Dollar resurgence as the Fed cuts rates and commodities lift. The cycle of the Australian dollar often swings with the boom and bust of commodities. In a post-GFC world, this relationship has become highly correlated with more proactive Central Bank targeting. As the US employed quantitative easing to support stimulus measures and their trade balance, the Australian Dollar soared. Our local currency gained from the combined tailwinds of negative US real yields and China’s enormous appetite for Australian iron ore. The post-GFC mining boom period saw the Aussie dollar ... (full story)