The Australian Dollar moved 0.00314 points or 0.45% lower to 0.6931 against the US Dollar on Friday. Investors moved away from the risk-sensitive Aussie as daily coronavirus infections continue to accelerate. Data from the Johns Hopkins University showed that Australia reported a 4-month high of 318 fresh cases on Thursday, while United States added a record 63,200 with infectious disease expert and adviser to the White House Dr Anthony Fauci noting that the US is still “knee-deep” in its first coronavirus wave. Globally, 227,000 fresh infections were reported.
Historically, the Australian Dollar reached an all time high of 1.49 in December of 1973. Australian Dollar - data, forecasts, historical chart - was last updated on July of 2020.
The Australian Dollar is expected to trade at 0.69 by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 0.68 in 12 months time.