The Australian dollar stabilized above $0.645 on Monday, supported by a hawkish view on Reserve Bank of Australia monetary policy. Last week, RBA Governor Michele Bullock stated that interest rates are sufficiently restrictive and will remain at current levels until the central bank gains confidence in the inflation outlook. Investors are now looking ahead to the release of the latest RBA meeting minutes this week for further guidance on the central bank’s policy direction. Additionally, markets are focused on upcoming manufacturing and services activity reports for November to assess the broader economic outlook. Despite stabilizing, the Aussie dollar remained near its lowest levels in over three months, pressured by the stronger US dollar, which has gained on expectations of fewer Federal Reserve interest rate cuts and optimism over US economic performance under a Trump presidency.
The AUDUSD increased 0.0047 or 0.72% to 0.6506 on Monday November 18 from 0.6459 in the previous trading session. Historically, the Australian Dollar reached an all time high of 1.49 in December of 1973. Australian Dollar - data, forecasts, historical chart - was last updated on November 18 of 2024.
The AUDUSD increased 0.0047 or 0.72% to 0.6506 on Monday November 18 from 0.6459 in the previous trading session. The Australian Dollar is expected to trade at 0.65 by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 0.64 in 12 months time.