Aussie dollar expected to rise due to RBA decision and Chinese stimulus

From Yahoo Finance: 2025-03-23 15:43:00

The Australian dollar is poised for its first annual gain since 2020, with forecasts predicting a rise of up to 8.4% by December. The central bank’s decision to keep interest rates high and expected Chinese stimulus are key factors driving this trend. Despite concerns about President Trump’s trade policies, the Aussie has strengthened 1.3% this year after a 10% decline in 2024. Economists expect the Reserve Bank of Australia to maintain current rates next month, with potential for a stronger Aussie in the second quarter. Market volatility may continue due to ongoing trade tensions and economic uncertainties globally.



Read more at Yahoo Finance: Aussie dollar to snap losing streak on RBA stance, China support