The local currency is poised to retest its highs of December in the next few weeks, analysts and economists say, while the Australian dollar could trade for as much as 70 U.S. cents in the next 12 months.
The Aussie has risen from just over 64 U.S. cents in mid-April to around 67.50 U.S. cents in recent days, and was buying 67.75 U.S. cents on July 12 evening.
