Economists at the National Australia Bank still expect AU/USD to trend higher. However, they have pushed out their forecasts for the Aussie by a quarter.
AUD/USD still expected to appreciate
We have pushed out our forecasts for AUD/USD by a quarter, now expecting the Aussie to end 2024 around 0.7200.
We continue to see a further appreciation through 2025 with the AUD/USD pair reaching 0.7800 by Q4.
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