The Strength of the Australian Dollar: Supporting Factors and Market Challenges

By Samir El Khoury, ACSI, ACICMP?

The Reserve Bank of Australia (RBA) held interest rates steady at 4.35% during its meeting on Wednesday, September 24, 2024, marking the seventh consecutive month at this level. The RBA is the only central bank among advanced economies, such as the U.S. Federal Reserve, the European Central Bank, the Swiss National Bank, the Bank of Canada, and the Bank of England, that has not initiated an easing policy or reduced interest rates, thereby strengthening the Australian dollar against the U.S. dollar.

In addition,...

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