# Australian Dollar Forecasts: "Less Rapid Appreciation" Expected by Wells Fargo

> Wells Fargo economists say the Australian dollar's near-term outlook has weakened, expecting less rapid appreciation against the US dollar than previously anticipated. They still see the currency trending higher in 2022. The Aussie has lagged major peers in July as a Covid lockdown in New South Wales is expected to last until at least September.

- Date: 2021-07-30 · published 2021-07-30T12:00:00.000Z
- Category: macro · region Australia · magnitude low
- Page: https://feedsoft.ai/events/46319-australian-dollar-forecasts-less-rapid-appreciation-expected-by-wells-fargo
- Commodities: [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

A slower path for the Australian dollar reduces the currency's support for Australian export prices, marginally easing pressure on Australian commodity values over the coming months.

## Read by commodity

- AUDUSD: bearish ▼

## Sources

- poundsterlinglive.com: https://www.poundsterlinglive.com/aud/15750-australian-dollar-forecasts-less-rapid-appreciation-expected-by-wells-fargo

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