AUD/USD likely to hold close to current levels at 0.6600 on a one-month view – Rabobank
Source Fxstreet
AUD/USD hovers around the 0.6600 level. Economists at Rabobank analyze Aussie’s outlook.
AUD/USD to trend towards 0.7000 at the end of the year
Amid speculation that fresh RBA forecasts could imply that it could take CPI inflation a little longer to return to target than previously estimated, market rates are suggesting that the RBA is likely to remain more hawkish on policy than either the Fed or the ECB. At first sight, this should be supportive for AUD/USD. However, in our view, the market is likely to continue pricing out some of the Fed rate cuts that had been anticipated for the first half of this year. This suggests scope for a firmer USD near term.
We maintain a forecast that AUD/USD is likely to hold close to current levels at 0.6600 on a one-month view.
We expect AUD/USD to trend towards 0.7000 at the end of the year.
Disclaimer: For information purposes only. Past performance is not indicative of future results.
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Get the latest gold price analysis, forex gold insights, and XAU/USD analysis for October 21, 2026. Read on for the details.
Australian Dollar trades near monthly high, above 0.7000 as hawkish RBA offsets USD uptickThe AUD/USD pair trades with a positive bias for the fourth straight day, holding steady above the 0.7000 psychological mark during the Asian session on Wednesday and flirting with the monthly high it touched the previous day.
The AUD/USD pair trades with a positive bias for the fourth straight day, holding steady above the 0.7000 psychological mark during the Asian session on Wednesday and flirting with the monthly high it touched the previous day.
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