From www.fssuper.com.au: From 2022, there has been a reversal in the interest rate difference between Australia and the U.S.

Currently, the cash rate of the Reserve Bank of Australia is lower than the Federal Funds rate of the U.S.

US dollar strength has been bolstered by higher interest rates and investor confidence in US equities, leading to a significant decline in the Australian dollar since 2012.

Investors are advised to explore currency hedging strategies to protect their portfolios from potential risks associated with currency fluctuations.