AUD/USD has traded in the 0.6500 range through March – with a short rise above 0.6600. Economists at the National Australia Bank analyze the pair’s outlook.
Aussie still expected to appreciate
Our expectation for an appreciation above 0.7000 in H2 2024 is contingent on the reversal of the broad strength shown by the USD over the past year or so. In part, this will be reflected by the Fed beginning to ease rates in June – well ahead of an easing by the RBA and a gradual pickup in global growth in 2025.
We see the Aussie ending the year around 0.7200 before driving higher over 2025 – reaching 0.7800 by Q4.
- SEO Powered Content & PR Distribution. Get Amplified Today.
- PlatoData.Network Vertical Generative Ai. Empower Yourself. Access Here.
- PlatoAiStream. Web3 Intelligence. Knowledge Amplified. Access Here.
- PlatoESG. Carbon, CleanTech, Energy, Environment, Solar, Waste Management. Access Here.
- PlatoHealth. Biotech and Clinical Trials Intelligence. Access Here.
- Source: https://www.fxstreet.com/news/aud-usd-to-end-the-year-around-07200-before-driving-higher-over-2025-nab-202403221600
- :has
- :is
- 2024
- 2025
- 6
- 6600
- 7000
- 7800
- 9
- a
- above
- ahead
- an
- analyze
- and
- appreciation
- around
- At
- AUD/USD
- aussie
- Australia
- Bank
- BE
- before
- Beginning
- broad
- by
- driving
- ease
- easing
- economists
- end
- ending
- expectation
- expected
- Fed
- For
- Global
- gradual
- Growth
- higher
- HTTPS
- in
- jpg
- june
- NAB
- National
- National Australia Bank
- of
- on
- or
- Outlook
- over
- part
- past
- Pickup
- plato
- Plato Data Intelligence
- PlatoData
- range
- Rates
- RBA
- reaching
- reflected
- Reversal
- Rise
- see
- Short
- shown
- So
- Still
- strength
- The
- the Fed
- this
- Through
- to
- traded
- USD
- WELL
- will
- with
- year
- zephyrnet
More from FX Street
When is the US ADP employment report and how could it affect EUR/USD?
Source Node: 2116237
Time Stamp: Jun 1, 2023
Gold Price Forecast: XAU/USD ascents gradually amidst high US bond yields, post solid US data
Source Node: 2109719
Time Stamp: May 27, 2023
GBP/USD drifting higher in thin Monday action as investors await key data
Source Node: 2380924
Time Stamp: Nov 13, 2023
Gold Price Forecast: XAU/USD sticks to modest recovery gains above $1,890, lacks follow-through
Source Node: 2219699
Time Stamp: Aug 18, 2023
WTI nosedives below $74.00 on bumper weekly oil inventories and hawkish Fed minutes
Source Node: 1972809
Time Stamp: Feb 22, 2023
EUR/USD flattens in holiday Monday markets, investors look ahead to late-week European PMIs
Source Node: 2487864
Time Stamp: Feb 19, 2024
EUR/USD seen falling to 1.08 on a three-month perspective – Rabobank
Source Node: 2197340
Time Stamp: Aug 5, 2023
Oil skyrockets with stronger US Dollar and Middle Eastern tensions nearing war status as main drivers
Source Node: 2543953
Time Stamp: Apr 12, 2024
USD/CAD extends gains around 1.3580, US, Canada PMI data eyed
Source Node: 2303529
Time Stamp: Oct 2, 2023
Gold Price Forecast: XAU/USD holds above $2,000, PBoC rate decision, FOMC Minutes eyed
Source Node: 2486499
Time Stamp: Feb 18, 2024
USD/JPY consolidates near YTD high in US upbeat data, Fed’s Powell and BoJ’s Ueda eyed
Source Node: 2149642
Time Stamp: Jun 27, 2023