Updated projections from National Australia Bank for the Australian dollar
- 0.74 by year end
- 0.77 by June 2021
- 0.80 by June 2022 and to peak there
Citing
- weak USD and to continue
- fair value for AUD has been pushed up
- improvement in risk sentiment
- improvement in key commodity price drivers
- Looking further ahead, better real interest rates and terms of trade are AUD supportive
Risk:
- geopolitical developments
- U.S. elections
