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
At the end of October the AUD surged to a three month high against the US dollar following the third rate cut in a year by the US Federal Reserve. The gains were mainly due to the fall in the US dollar after the market sensed that US rates are more likely to rise now than fall further.
The RBA also added to the positive sentiment with an optimistic assessment of easing risks from the US-China trade war and Brexit. Accordingly markets are pulling back from bets that the cash rate will drop to 0.5 per cent and the possible start of quantitative easing.
You can read more about AUD cross-rate forecasts here AUD Trends and Forecasts for 2019.
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.