Skip to Content
News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site. See our updated Privacy Policy here.

Free Trading Guides
Please try again

Live Webinar Events


Economic Calendar Events


Notify me about

Live Webinar Events
Economic Calendar Events






More View More
AUD Forecast 1Q-2020: Australian Dollar Outlook Grim on Fed RBA Rates Path

AUD Forecast 1Q-2020: Australian Dollar Outlook Grim on Fed RBA Rates Path

The Australian Dollar steadied in the fourth quarter. The bellwether AUD/USD exchange rate settled into a choppy range after finding support at decade lows in early August as ebbing concerns about US-China trade war escalation and a disorderly Brexit improved market-wide risk appetite.

Hopes for détente between Washington and Beijing seemed to be particularly potent. China is Australia’s top export market so it seems hardly surprising that the Aussie cheered the prospect that growth there would be buoyed by the conflict’s resolution, offering positive knock-on effects along the supply chain.

As 2020 dawns, some optimism seems to have been justified. Presidents Donald Trump and Xi Jinping are set to sign a “phase one” trade deal that includes limited tariffs rollbacks, increased Chinese purchases of US agricultural products, and early drafts of new intellectual property protection and exchange rate management frameworks.

Gold Forecast
Gold Forecast
Recommended by Ilya Spivak
Get our Comprehensive 1Q-2020 Australian Dollar Forecast
Get My Guide

--- Written by Ilya Spivak, DailyFX Research

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.