Iron ore rally bolsters $A prospects in 2024
Cecile LefortMarkets reporter
Updated
An almost 30 per cent surge in the iron ore price to above $US140 a tonne has bolstered the prospects for the Australian dollar, which economists predict could hit US70¢ by the end of the year.
That’s the median forecast for the $A from The Australian Financial Review’s quarterly survey of 37 economists and compares with its current level of about US67¢.
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Cecile Lefort is a markets reporter based in the Sydney newsroom. Email Cecile at cecile.lefort@afr.com
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