Should Brexit clarity emerge in 2019, euro strength should follow and this would compound Aussie weakness, resulting in lower AUD/EUR rates.
Australian dollar to Euro bank forecasts
Some euro strength should follow a conclusion to Brexit, which might come towards the end of 2019, and that currency strength would compound general Aussie weakness (see AUD/USD forecast).
Based on implied forecasts from Danske Bank and Westpac, AUD/EUR should be a lot lower by year-end, at rates between €0.56 and €0.60. Levels this low haven’t been seen since 2009.
Note that forecasts and predictions for the AUD/EUR exchange rate change all the time, affected by news events and relative sentiment towards the Australian and Eurzone economies and this exchange rate is even more volatile than usual because of the uncertainties around Brexit.
More AUD Forecasts