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    Australian Dollar AUD Forecasts 2021

    Forecasts for the Australian dollar change all the time, affected by news events and relative sentiment towards the Australian economy.

    Updated: Sep 22, 2021  

     
    AUD to USD at 0.7261 has fallen 1.4% below its 90-day average, range 0.7129-0.7587.
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    Australian dollar 2021 Overview

    The spread of the Delta variant in Australia plus the Evergrande property debt crisis in China has forced down commodity prices particularly iron ore, further compounding AUD losses.

    In 2021 forecasters have changed direction several times on the Australian dollar saying it could fall below US70¢ or hit US82¢, which leads one to suspect that basically no one has any idea! AUD-USD Forecasts

    Until the recent Fed Reserve pivot, the Australian dollar had benefited from the US dollar sell-off since late last year as investors moved away from the safe haven of the USD and into riskier assets. This was off the back of Biden winning the presidential election and the positive news of COVID-19 vaccine testing.

    The Aussie had risen so far as to touch US80¢ briefly on Feb 25th before changing course abruptly during March — due to a surge in US treasury yields — to be trading down at Easter at around US76¢ to the greenback.

    Before this ‘reflationary’ news the Australian Dollar had been rising due to a combination of rising Australian government bond yields and commodity prices racing ahead, these factors are two prime drivers of Aussie Dollar demand.

    Last year, 2020 the year of COVID, saw solid gains for the AUD against the majority of currencies however forecasts were almost entirely driven by the effects and response to the Coronavirus pandemic rather than any fundamentals of the Australian economy.

    However as we progress through 2021, the Aussie dollar is being buffeted by predictions of rising interest rates and inflation as the world starts the slow path to recovery from the pandemic.

    The Australian dollar enjoyed a sharp uptick in mid-April, advancing above US77c and then US78c in May – its highest levels since the late February highs that saw the Aussie dollar nudging US80c.

    Australian dollar – Key Rates

    The following sections show a summary of bank forecasts for popular AUD cross rates that we have reviewed, you can view each forecast article for more details.

    AUD to GBP

    AUD to GBP 90-Day Currency Trend Chart with Hi, Low, Up, Down AlertsAUD to GBP at 0.5306 is 0.6% below its 90-day average, range 0.5234-0.5465.AUD/GBP Rates

    The energy crisis combined with a ‘risk off’ market sentiment has pushed the Pound down against the Australian, New Zealand and Canadian Dollars. These currencies that normally are vulnerable to ‘risk off’ events, showing the impact of the gas crisis in the UK. GBP-AUD Forecasts

    AUD to EUR

    AUD to EUR 90-Day Currency Trend Chart with Hi, Low, Up, Down AlertsAUD to EUR at 0.6196 is 0.7% below its 90-day average, range 0.6095-0.6356.AUD/EUR Rates

    Changing expectations around US Federal Reserve policy and a less positive outlook for global growth continue to weigh on the Aussie to Euro rate, despite the single currencies own problems with increased gas prices heading into winter. AUD-EUR Forecasts

    AUD to SGD

    AUD to SGD 90-Day Currency Trend Chart with Hi, Low, Up, Down AlertsAUD to SGD at 0.9828 has fallen 1.3% below its 90-day average, range 0.9715-1.0187.AUD/SGD Rates

    AUD/SGD has dropped back 6 percent from its peak of 1.045 in February. The AUD has dropped against changing expectations around US Federal Reserve policy and a less positive outlook for global growth and Chinese demand for iron ore. AUD-SGD Forecasts

    AUD to NZD

    AUD to NZD 90-Day Currency Trend Chart with Hi, Low, Up, Down AlertsAUD to NZD at 1.0358 has fallen 1.4% below its 90-day average, range 1.0312-1.0748.AUD/NZD Rates

    Since the Covid outbreak in New Zealand appears to have been largely controlled the Kiwi dollar has risen to 18 month highs against the Aussie dollar. AUD-NZD Forecasts

    AUD to JPY

    AUD to JPY 90-Day Currency Trend Chart with Hi, Low, Up, Down AlertsAUD to JPY at 80.42 is 0.8% below its 90-day average, range 78.26-84.07.AUD/JPY Rates

    The souring of risk appetite almost always sees the AUD/JPY pair push lower. The Australian Dollar normally strengthens when risk appetite is healthy while the opposite follows. As for the Yen, it’s the opposite. The Japanese currency will rise when risk appetite sours. AUD-JPY Forecasts

    AUD to HKD

    AUD to HKD 90-Day Currency Trend Chart with Hi, Low, Up, Down AlertsAUD to HKD at 5.6536 has fallen 1.3% below its 90-day average, range 5.5541-5.8893.AUD/HKD Rates

    The Aussie dollar continues it’s long slide this year against HKD near 5.6 over 2.5% below its 90-day average and well down from the highs earlier in the year. AUD-HKD Forecasts

    AUD to INR

    AUD to INR 90-Day Currency Trend Chart with Hi, Low, Up, Down AlertsAUD to INR at 53.60 has fallen 1.8% below its 90-day average, range 52.98-56.31.AUD/INR Rates

    In September the ‘risk off’ market mood has pushed the Australian dollar further down against the Rupee. After peaking in April near 58 the AUD/INR exchange rate changed direction and has headed down towards the 53-54 mark. AUD-INR Forecasts

    Australians are more focussed on their currency exchange rate than are the citizens of most other countries! Read why in our Foreign exchange guide to Australia.

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    Posted under: #Forecasts #AUD

    Disclaimer: Please note any provider recommendations, currency forecasts or any opinions of our authors should not be taken as a reference to buy or sell any financial product.