Top Forecasters See Aussie Gains as Rates Cut

Top Forecasters See Aussie Gains as Rates Cut

Brendon Thorne/Bloomberg

While Australia’s currency has declined from the post-float high of $1.1081 reached in July 2011 -- touching an almost one-month low yesterday of $1.0182 -- it’s still more than 35 percent above its average since being freely floated.