NAB sees RBA hike supporting AUD near term, but the medium-term risk points the other way
The message for the Australian dollar is two-sided. A hike today, and any hint of a November follow-up, would support the currency in the near term, but NAB's argument implies the rate premium Australia now holds over other G10 markets could erode if traders begin pricing earlier
AUD/USD — All Desk Targets
| Firm | Stance | YE 2026 |
|---|---|---|
Citi | Bearish | 0.6700 |
Crédit Agricole | Bullish | 0.7300 |
J.P. Morgan | Bullish | 0.6800 |
All 22 desk targets for AUD/USD
Desk synthesis pending
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Cross-firm research
AUD/USD Consensus Check: Spot at 0.6949, Median Target 0.705 — Week of September 30, 2026
AUD/USD trades 1.43% below the 24-firm median Dec-26 target of 0.705, with an 0.08 spread separating Scotiabank's 0.75 from Citi's 0.67.
AUD/USD Trades 1.8% Below Consensus as RBA-Fed Gap Widens
AUD/USD spot at 0.6972 sits 1.8% below the 24-firm Dec-26 consensus of 0.71, with an 0.08 spread separating Scotiabank's 0.75 bull case from Citi's 0.67 floor.
AUD/USD Consensus Check: 0.6977 Spot vs 0.71 Target, Week of September 29, 2026
AUD/USD trades 1.73% below the 24-firm median Dec-26 target of 0.71, with an 0.08 spread separating Scotiabank's 0.75 bull case from Citi's 0.67 bear.