AUD/USD to end 2024 around 0.7200, further appreciation through 2025 – NAB

Economists at the National Australia Bank still expect AU/USD to trend higher. However, they have pushed out their forecasts for the Aussie by a quarter.

AUD/USD still expected to appreciate

We have pushed out our forecasts for AUD/USD by a quarter, now expecting the Aussie to end 2024 around 0.7200. 

We continue to see a further appreciation through 2025 with the AUD/USD pair reaching 0.7800 by Q4.

See: 

• AUD/USD could struggle to trade consistently above 0.7000 – ING
• AUD/USD to maintain positive momentum – Commerzbank