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What's going on with AUDUSD in 2023?

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.

What happened to AUD/USD?

The AUD/USD pair kept falling in the last few days, reaching a fresh multi-week low of 0.7263 on Friday, to close the trading week a handful of pips above it. EUR/USD rebounded during the American session and climbed to 1.0715 as the US Dollar retreated, accompanied by lower Treasury yields.

What is the forecast for GBP & AUD in one year?

The GBP/AUD forecast from Trading Economics predicted that the pair could trade at 1.75112 by the end of this quarter and at 1.76988 in one year, based on its global macro model projections and analysts’ expectations.

Why is the GBP/AUD pair in a downward trend?

The GBP/AUD pair has been in a long-term downward trend since it spiked in 2008, as the Australian dollar has benefited from higher Australian interest rates and rising commodity demand from China.

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