2024 AUD USD Forecasts
The value of the Australian dollar (AUD) against the US Dollar (USD) could be about to lift in 2024 after a prolonged bout of weakness. The Australian dollar (AUD) lost almost 6 per cent against the US dollar (USD) over the first nine months of 2023 thanks to rising US interest rates and China’s economic slowdown. But analysts are predicting a slow rebound in 2024, albeit with some short-term weakness along the way. It has been a difficult period for the AUD, which momentarily peaked above US71¢ in early-February 2023 before falling to around US62¢ in October – its lowest […]