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.
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.
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.
Will the Aud-JPY rate rise to 93?
With the Japanese Yen sustaining losses in recent weeks against most major currencies, forex strategists see scope for an improvement in the AUD-JPY rate to 93 in the short term.
