Discuss any qualitative and quantitative data that may affect the determination of the AUD and USD...

Discuss any qualitative and quantitative data that may affect the determination of the AUD and USD exchange rate forcasted for 1st Jan 2021.

Expert Solution

Summary:

The dollar fell zero.00279 points or zero.4% to 0.71538 against the United States of America dollar on Fri.Risk sentiment was damaged as us President Donald Trump and initial girl Melania narrowed the novel coronavirus.Meantime, Australia has finalised a trans-Tasman bubble deal which will see Kiwis allowed WHO haven't been in an exceedingly selected Covid-19 hotspot to travel into New South Wales and On the information front, retail sales in Australia fell by four-dimensional month-over-month in August, after a 3.2% rise in July. This marked the primary decline in retail trade since Apr, with the virus-stricken state of Victoria bearing the force of the worsening.

Forecast:

The dollar is predicted to trade at zero.71 by the tip of this quarter, in keeping with mercantilism political economy international macro models and analysts expectations. Wanting forward, we tend to estimate it to trade at zero.70 in twelve months time.

Rahul Sunny answered 1 year ago

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Question

Discuss any qualitative and quantitative data that may affect the determination of the AUD and USD...

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