How will the Aud perform in the future?

It's extremely difficult to predict how any currency pair will perform in the future. Inflation, interest rate hikes and the threat of a recession all have the potential to impact currency values here and overseas, while economic developments in China can also have a significant effect on the AUD's performance.

Will AUD outperform commodity currencies in 2023?

According to NAB, the AUDUSD rate will be approximately 70 cents by mid-year 2023. According to NAB, the AUD will reach 0.72 to the US dollar by June 2024. According to the research group, the AUD will outperform commodity currencies in 2023, with the dollar dominance fading as global inflation controls.

Will the AUD/EUR rate stabilise in 2022?

Russia's invasion of Ukraine meant that 2022 was a volatile year for Europe, and the Australian dollar gained ground on the euro. However, economists are expecting the AUD/EUR rate to stabilise throughout the rest of 2023.

Can AUD/USD be used for Forex forecasting?

1. While this study used the AUD/USD forex pair as an example for Forex forecasting, the model may also be used to investigate other important currency pairs, such as the EUR/USD, which is the world's most traded currency pair. 2.