AUD/USD forecast - to top out around 0.8000

Author: Eamonn Sheridan | Category: News

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 


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