Forecasts for the AUD/USD in 2019 are influenced by two factors; changes in the delta between interest rates in Australia and the US and also the trade war between China and the US. Banks are predicting AUD/USD to drop towards 65-66¢ - a rate that hasn't been seen since 2009.
Australian dollar to US dollar bank forecasts
In May, ANZ slashed its year-end AUD/USD forecast to 65¢, from 70¢, in response to the “enduring” nature of the US-China trade spat. Westpac also cut forecasts to 66¢ and GSFM matched this when it called for rates in the “mid 60s.” Exchange rates in the 65-66¢ region haven’t been seen since 2009.
Forecasts and predictions for the AUD/USD exchange rate change all the time, affected by news events and relative sentiment towards the Australian and US economies. This continually updated article reviews AUD to USD bank forecasts and recent trends for both currencies.