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A forecast predicts that the AUD/USD exchange rate may decline significantly, with fears that the Australian dollar could drop below 63.5 US cents by January 2, 2025. Over the past 15 years, the US dollar's value has fluctuated against major currencies including the GBP, AUD, CAD, CHF, and EURO. Westpac expects the AUD/USD to trade in the low 0.62s range in the first quarter of 2025, indicating potential weakness for the Australian dollar against the US dollar.
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