AUD/USD is currently trading around 0.63 and at times lower. Economists at National Australia Bank analyze the pair’s outlook.
One further increase in the cash rate to a peak of 4.35%
For rates, we continue to see the Reserve Bank of Australia (RBA) hiking a further 25 bps in November, before staying on hold until the second half of 2024.
We continue to see the AUD/USD pair ending the year at around 0.66 before tracking higher over 2024 – ending 2024 at around 0.73.
Source: https://www.fxstreet.com/news/aud-usd-to-drift-higher-over-coming-year-reaching-073-by-end-2024-nab-202310231445