What's going on with AUDUSD in 2023?

Don't miss our 2023 AUDUSD forecast! The Australian Dollar is facing headwinds yet again against the US Dollar, as the central bank divergence theme is back in play in early 2023.

What is the Australian dollar to US dollar forecast for 2023?

Australian Dollar is expected to drop by -2.91% against the US Dollar by the end of 2023, as the USD/AUD rate is expected to reach $ 1.475530. What is the Australian Dollar to US Dollar forecast for 2024? The Australian Dollar to US Dollar forecast for 2024 is currently $ 1.467912. This would represent a -3.41% drop from the current rate.

Why did AUD/USD fall to 0.6400?

AUD/USD falls to near 0.6400 as the appeal for the US Dollar improves. The US Dollar strengthens ahead of Powell’s speech. RBA Bullock kept hopes of further rate-tightening alive, citing that the progress in inflation declining to 2% has slowed.

Did Westpac lower AUD forecast in 2022?

That same month–September 2022–Westpac’s chief economist Bill Evans released a statement saying Westpac had “lowered [its] forecast for the AUD by year’s end from USD 0.69 to USD 0.65”. On December 31, 2022, the Australian dollar was worth 68 US cents.