What are the most up-to-date forecasts for the Australian dollar?

Now that most economists have released their predictions for the Australian dollar, head here to find out the most up to date forecasts: Since June 2022 the Australian dollar has been falling against the US dollar. For the rest of 2022, most of the economists are expecting a minor rebound to 75 cents, before trending sideways in the new year.

What drives the Aud to a lower level in 2022?

“Other factors that drive the AUD are commodity prices, interest rate differentials, and external trade balance,” Zaman says–but in 2022, the dominant driver of the downwards move was the strong US dollar.

Will Australia's AUD/USD exchange rate rise in 2022?

Two of Australia's big banks have downgraded their forecast in 2023, but still expect the AUD/USD exchange rate to rise from 2022 levels. The National Australia Bank expects the Australian dollar to lower to around 68 cents in the back half of 2022. Westpac also dropped their prediction for the AUD with a forecast of 73 cents by the end of 2022.

Will ANZ's AUD/USD exchange rate rise by June 2023?

Zaman notes that ANZ expected the Australian dollar would appreciate towards the middle of the year. Other banks in the Big Four were in agreement, with Westpac forecasting the AUD/USD exchange to reach 0.70 by June 2023. That view was optimistic, with the exchange rate coming in at 0.66 as of July 7.