Where is the Australian dollar heading for the rest of 2019?
Major banks predict the Australian dollar against the US dollar (AUDUSD or the ‘Aussie’) will remain weak. Recently, the Australian dollar (AUD/USD) fell to more than 10-year lows, below 67 cents. The AUD/USD is at the same levels as when the Global Financial Crisis (GFC) hit in 2008. The previous record low was 48 cents in April, 2001. In response to the falling AUD, the 4 major banks lowered their end of 2019 Australian dollar forecasts by 5-10%. They now agree the weak Aussie dollar will remain until the end of the year. Check today’s AUDUSD Forex Rate: Currency Converter […]
