Traders have seized on every scrap of good news to push the Australian dollar higher in recent months, leaving it vulnerable to a pull-back as it approaches the key psychological level of 80 U.S. cents.
The currency surged almost 10% in 2020 as strategists ratcheted up forecasts for the Aussie on rising commodities prices, a sharper-than-expected economic rebound and local success containing Covid-19.
