Will AUD come back in 2023?

As economists warn of a recession in advanced economies, it becomes less and less likely that the Aussie dollar will stage a spirted comeback in the last few months of 2023, especially in light of China’s slowing economy, which impacts demand for our iron ore. Why has AUD been dropping?

What factors affect Australian dollar forecasts?

Keep these types of factors in mind when reviewing Australian dollar forecasts. Oil, gold, iron ore, uranium, nickel and coal are heavily influential on GDP, and the demand for these resources by China and India, in particular, may affect the AUD exchange rate and forecasts.

Will Goldman raise China growth forecast in 2024?

Goldman raises China 2024 growth forecast to 4.8% from 4.5%. @DailyFXTeam #China #GDP #ChinaNews Note: Low and High figures are for the trading day. AUD/USD (Australian Dollar - US Dollar) is one of the most frequently-traded currency pairs in the world.

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.