Aug 24, 2026 – 2.34pmThe Australian dollar is trading near its highest level in three months, buoyed by a hefty sell-off in the greenback and as Chinese policymakers indicated they would bring forward stimulus to bolster the economy.The local currency was trading around US71.63¢ on Monday after hitting US71.80¢ at the end of last week, its highest since early June.The Aussie dollar soared to a three-month high on Friday. Currency traders say there is room for a further rally. APSubscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles