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The Australian dollar is poised to rebound, says BofAML

The Australian dollar is poised to rebound, says BofAML

The Aussie dollar has tumbled more than 13 per cent from a January 2018 high above US81¢ through year end.”We remain confident that a likely recovery in China later this year will lead to medium-term AUD appreciation,” BofAML’s Mr Sinha said in a note.The bank has the local currency reaching US74¢ in the June quarter,…