How will the Aud perform in the future?

It's extremely difficult to predict how any currency pair will perform in the future. Inflation, interest rate hikes and the threat of a recession all have the potential to impact currency values here and overseas, while economic developments in China can also have a significant effect on the AUD's performance.

What happened to AUD/USD?

The AUD/USD pair kept falling in the last few days, reaching a fresh multi-week low of 0.7263 on Friday, to close the trading week a handful of pips above it. EUR/USD rebounded during the American session and climbed to 1.0715 as the US Dollar retreated, accompanied by lower Treasury yields.

Why has the Aud risen so much in 2023?

From a record low of 0.10% in April 2022, the Reserve Bank has made regular increases to the official cash rate, which sits at 4.10% as of October 2023. Interest rate hikes tend to increase foreign investment demand for the AUD, which helps drive the value of the Aussie dollar higher. Inflation.

Will the AUD/EUR rate stabilise in 2022?

Russia's invasion of Ukraine meant that 2022 was a volatile year for Europe, and the Australian dollar gained ground on the euro. However, economists are expecting the AUD/EUR rate to stabilise throughout the rest of 2023.