The Zhitong Finance App learned that traders are predicting that the Reserve Bank of Australia will rapidly raise interest rates early next year, and the Australian dollar will rise to its highest level in more than a year as a result. On Wednesday, the Australian dollar rose 0.2% to 67.13 cents per Australian dollar, the highest level since October 2024. The move extended its increase to 1.5% this quarter, making it one of the top performing major developed market currencies.

The Zhitong Finance App learned that traders are predicting that the Reserve Bank of Australia will rapidly raise interest rates early next year, and the Australian dollar will rise to its highest level in more than a year as a result. On Wednesday, the Australian dollar rose 0.2% to 67.13 cents per Australian dollar, the highest level since October 2024. The move extended its increase to 1.5% this quarter, making it one of the top performing major developed market currencies.