Economists at HSBC have revised lower their forecast for the Australian Dollar (AUD) against the US Dollar (USD). The bank's year-end forecast for AUD/USD is now 0.72, "reflecting a more moderate upside despite improved risk sentiment." The current AUD/USD exchange rate, for reference, is 0.6641 and so this new forecast would mean an 8.41% rise in today's price. Australian Dollar: A Mixed Outlook Amid Multiple Challenges The recent weakness in the US Dollar and improved risk sentiment have not translated into an expected uptick for the Australian Dollar. The Australian currency's performance has been rather muted, ... (full story)