Aussie Primed for Annual Gain on RBA’s Restrictive Policy

Australia’s dollar is expected to rally further and post a rare annual gain this year as the central bank’s relatively restrictive policy favors the local currency.

The Aussie has climbed over 5% this year to 65.38 US cents and is set for what would be its third annual gain in a decade. Its advance is mainly spurred by bets the Reserve Bank of Australia will leave interest rates steady for the rest of the year, after pausing in the last two decisions.