# FX BEAT: Aussie dollar well set for gains in 2023 | Westpac

> Westpac strategist Sean Callow says the Aussie can extend its 2023 gains, supported by expected RBA hikes and an improving China outlook. Westpac's year-end forecast is 74 cents, which Callow says may be conservative.

- Date: 2023-01-01 · published 2023-01-01T12:00:00.000Z
- Category: macro · region Australia · magnitude low
- Page: https://feedsoft.ai/events/38027-fx-beat-aussie-dollar-well-set-for-gains-in-2023-westpac
- Commodities: [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

The view points to a firmer Australian dollar on rate expectations and China reopening. It is a currency forecast with no direct implication for feed commodity prices.

## Read by commodity

- AUDUSD: bullish ▲

## Sources

- westpac.com.au: https://www.westpac.com.au/news/money-matters/2023/01/fx-beat-aussie-dollar-well-set-for-gains-in-2023/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.