National Australia Bank Forecasts AUD/USD to Fall to 0.67 by End-2027 Amid RBA Rate Cuts

AUDUSD0.21%
According to National Australia Bank on July 3, the bank holds a pessimistic outlook on the Australian dollar for 2027, forecasting the Reserve Bank of Australia will cut rates by 75 basis points starting in the second quarter of 2027. The bank now expects AUD/USD to trade at 0.67 by year-end 2027, down from its prior forecast of 0.70, and believes the rate may dip to 0.65 at some point.
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