Accelerated Decline for AUD: Overview for January 17, 2024

<div><img width="360" height="360" src="https://blog.roboforex.com/wp-content/uploads/2023/06/AUDUSD_7-360×360.jpg" class="attachment-thumbnail size-thumbnail wp-post-image" alt="AUD/USD analysis today" style="margin-bottom: 15px;" decoding="async" loading="lazy" /></div><p>The <a href="https://roboforex.com/beginners/info/charts/forex/audusd/" data-internallinksmanager029f6b8e52c="33" title="AUD/USD">AUD/USD</a> pair continues to plunge, marking new lows.</p>

<p>The Australian dollar, paired with the US dollar, is intensifying its decline, with the current AUD/USD exchange rate at 0.6564.</p>

<p>Currently, the AUD is approaching levels seen on December 13, 2023.</p>

<p>The Reserve Bank of Australia perceives the current <a href="https://blog.roboforex.com/blog/2019/10/22/trading-news-how-to-earn-on-interest-rates/" data-internallinksmanager029f6b8e52c="90" title="Interest rate">interest rate</a> of 4.35% per annum as the peak. Earlier expectations of an interest rate hike at the February meeting have lost credibility.</p>

<p>Market sentiment is undergoing a shift as investors now anticipate the interest rate to remain unchanged until November, after which a potential decrease might commence. The average forecast suggests a reduction in borrowing costs by 125 basis points, reaching 3.10% per annum by the end of 2025.</p>

<p>With a likely decline in <a href="https://blog.roboforex.com/blog/2022/06/30/what-is-inflation-reasons-and-consequences/" data-internallinksmanager029f6b8e52c="220" title="Inflation">inflation</a> in Q4, the RBA may find insufficient grounds for a rate hike, adding to the downward pressure on AUD positions.</p>

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<a href="https://my.roboforex.com/en/register/">Open Trading Account</a></p><p>The post <a href="https://blog.roboforex.com/blog/2024/01/17/accelerated-decline-for-aud-overview-for-january-17-2024/">Accelerated Decline for AUD: Overview for January 17, 2024</a> appeared first at <a href="https://blog.roboforex.com">R Blog – RoboForex</a>.</p>