AUD/USD TO DRIFT HIGHER OVER COMING YEAR, REACHING 0.73 BY END-2024 – NAB
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.
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