# RBA: Australian dollar hits fresh three-month high as AMP forecasts currency to climb above US70¢

> The Australian dollar reached US65.94 cents on Monday, its highest since August 10, and gained 3.9% in November. AMP forecasts the currency could climb above US70 cents as Australia's interest rate outlook diverges from the US.

- Date: 2023-11-27 · published 2023-11-27T12:00:00.000Z
- Category: macro · region Australia · magnitude low
- Page: https://feedsoft.ai/events/33406-rba-australian-dollar-hits-fresh-three-month-high-as-amp-forecasts-currency-to
- Commodities: [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

A firmer Australian dollar is a currency-driven move that mainly affects Australian export competitiveness and import costs rather than directly moving feed commodity supply or demand.

## Read by commodity

- AUDUSD: bullish ▲

## Sources

- afr.com: https://www.afr.com/markets/currencies/a-forges-fresh-highs-as-traders-eye-us70c-20231127-p5en0f

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.