AUD/USD Forecast Poll

AUD/USD, THE “AUSSIE”

The AUD/USD pair, also called the “Aussie”, tells the trader how many US dollars (the quote currency) are needed to purchase one Australian dollar (the base currency). This currency pair is also known as the "Aussie". Together with the New Zealand Dollar and the Canadian Dollar, the AUD is a commodity currency, that is a currency whose country's exports are largely comprised of raw materials (precious metals, oil, agriculture, etc.).

The interest rates set by the Reserve Bank of Australia (RBA) have been among the highest of industrialized countries and the relatively high liquidity of the AUD has made it an attractive tool for carry traders looking for a currency with the highest yields. These factors made the AUD very popular among currency traders.

ORGANIZATIONS, PEOPLE AND ECONOMIC DATA THAT INFLUENCE AUD/USD

The organizations and people that affect the most the moves of the AUD/USD pair are:

  • Reserve Bank of Australia that issues statements and decides on the interest rates of the country.
  • Australian Government and its Department of Finance that implement policies that affect the economy of the country.
  • The US Government: events as administration statements, new laws and regulations or fiscal policy can increase or decrease the value of the US Dollar.
  • Fed, the Federal Reserve of the United States. The Fed controls the monetary policy, through active duties such as managing interest rates.

FORECAST FOR 2017

FXStreet’s contributors, surveyed at the end of December 2016, expected the AUD/USD to be at 0.6825 by the end of 2017. See full forecast

Some extra quotes about forecast in this page:

Aussie is in a valid downtrend and might have problems for a rebound next year

Markus Gabel

AUD is possibly the most vulnerable currency to a large downside correction in 2017 due to both domestic risks and its sensitivity to China

David Cheetham

Currency AUD/USD Forecast

The FXStreet Forecast Poll about AUD/USD is a sentiment tool that highlights our selected experts' near and medium term mood and calculates trends according to Friday's 15:00 GMT price. The #FXpoll is not to be taken as signal or as final target, but as an exchange rates heat map of where sentiment and expectations are going.