What does AUD/USD mean?

The result is a price corridor, usually enveloping the weekly close price from above and below, and serves as a measure of volatility. The AUD/USD pair tells the trader how many US dollars (the quote currency) are needed to purchase one Australian dollar (the base currency). This currency pair is also known as the "Aussie".

Will AUD/NZD rise in value in 2022?

However, Citibank expects the aussie to fall against the US Dollar to 0.71 over the coming 6 -12 months. Westpac forecast that AUD/NZD will stay at approximately the same level that it is now, across 2022. Analysts at NAB predict that the Australian Dollar will rise in value against the New Zealand Dollar, reaching 1.08 by the end of 2022.

What is the trend in the Australian dollar forecast in 2022?

This article looks at the trend in the Australian dollar forecast in 2022. In early 2022, the Australian Dollar rose to an almost 3 year high versus the US Dollar, analysts are not expecting a repeat performance in 2022. Although they are cautiously positive on the AUD outlook.

What drives the Aud to a lower level in 2022?

“Other factors that drive the AUD are commodity prices, interest rate differentials, and external trade balance,” Zaman says–but in 2022, the dominant driver of the downwards move was the strong US dollar.