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The Australian dollar could rise to 0.74 per US dollar by the start of 2021: UBS

Wayne Gordon of UBS Global Wealth Management expects Australia's economy to pick up in the second half of the year as the country gets back to work faster than expected. He adds that the coronavirus-related disruptions in Brazil will likely benefit Australian iron ore producers. Hence, he sees a very supportive environment for the Australian dollar.
02:56
Mon, Jun 15 202010:07 PM EDT