What drives the Australian AUD's performance in 2022?

The key drivers for the AUD's performance are interest rates and inflation data and aganist the USD, which has expereinced higher interest rates and inflation compared to Australia, the AUD fell at a steady rate for most part of 2022. Data from Westpac, the Australian dollar was 0.738 cents to the US dollar in March 2022.

Is Australia a bearish EUR/AUD forecast?

The weakness of the euro against the Australian dollar seems to indicate a bearish EUR/AUD forecast, as investors expect the island nation to showcase better economic growth compared to its European counterpart. Capital.com’s Cingari summed up the market sentiment on 3 August 2022:

What is the correlation between AUDUSD and gold?

This correlation with the Shanghai stock exchange is to be added to the correlation it has with gold. The pair AUDUSD often rises and falls along with the price of gold. In the financial world, gold is viewed as a safe haven against inflation and it is one of the most traded commodities.

What will CBA predict in the next 12 months?

CBA economists have predicted a much more tepid recovery over the next 12 months. The bank predicts the exchange rate would slip over the next quarter to June 2023, and to reach 0.68 by June 2024.