How has the Aud changed over the last 6 months?

Against the Euro, 1 AUD has fluctuated in the 0.59 - 0.63 EUR range over the last six months. Meanwhile, it weakened slightly against the British pound in the first half of the year, dropping to 0.50 GBP in August 2023, down from a high of 0.57 GBP in February.

What is the Australian dollar forecast for 2023?

NAB's Australian dollar forecast is predicting the AUD to trade at 0.63 EUR for the rest of 2023, while the Commonwealth Bank is also expecting minimal change to the AUD/EUR rate. The Australian dollar has weakened against the pound in 2023, falling from 0.57 to 0.53 GBP.

What's going on with AUDUSD in 2023?

Don't miss our 2023 AUDUSD forecast! The Australian Dollar is facing headwinds yet again against the US Dollar, as the central bank divergence theme is back in play in early 2023.

Why did the Aud fall in June?

The AUD recovered against the USD in June reaching $0.687 but since then it's hit a new low for the year at 0.634 USD. According to the Commonwealth Bank, "The main reason for the fall in AUD is the fall in commodity prices. China's Two Sessions meetings did not deliver policy stimulus that we expected to support metal prices."