AUD/USD is currently trading around 0.63 and at times lower. Economists at National Australia Bank analyze the pair’s outlook.
For rates, we continue to see the Reserve Bank of Australia (RBA) hiking a further 25 bps in November, before staying on hold until the second half of 2024.
We continue to see the AUD/USD pair ending the year at around 0.66 before tracking higher over 2024 – ending 2024 at around 0.73.