Australia's currency is expected to benefit from the Reserve Bank of Australia's (RBA) efforts to control inflation. The RBA has raised interest rates several times in recent months, aiming to curb rising prices and maintain economic stability. As a result, the Australian dollar may strengthen against other major currencies.

Source: https://www.bloomberg.com/news/newsletters/2024-10-27/rba-fight-to-tame-inflation-currency-bets-australia-briefing