This week, the currency of the Green Continent experienced moderate volatility. Aussi declined from time to time, but then continued to strengthen. Thus, many experts believe that there are excellent prospects for the "Australian" in 2020.

Forecasts of leading analysts regarding the Australian currency are multidirectional. Sometimes they are very controversial: some experts await the depreciation of the Aussies, and their opponents expect a sharp rise in the rate. However, the dynamics of the US-China trade conflict remain the most important driver for the growth or fall of the "Australian" currency.

Moreover, the "Australian" currency soared up to the level of 0.6935 after the statements of US President Donald Trump about the high probability of concluding a trade deal with China. Although it did not last long at this peak, it rolled back again to a lower position - to 0.6925 on Friday, December 13.

Currently, the AUD/USD pair runs in the range of 0.6917-0.699, trying not to go to the bottom. The Australian dollar is not easy to maintain the conquered peaks, but analysts rely on its stability.

Based on the forecasts of major experts, it can be assumed that the coming year will be a time for the Australian dollar to determine further status. In addition, experts are sure that i "Aussi" will be able to claim the title of one of the best and most promising world currencies in 2020. It is possible that the currency of the Green Continent will confirm this status and demonstrate its strength.

According to preliminary estimates, the pair AUD/USD will reach 0.7000 by the end of 2020. A similar opinion is shared by the strategists of Monex Europe. They expect that the "Australian" will grow by 14%, to 0.7800. It also believes that a trade dispute between Washington and Beijing will be resolved safely. Thus, this will lead to the strengthening of the Australian currency, since the economy of the Green Continent is highly dependent on its main trading partner - China. In contrast, the opposite point of view is expressed by analysts Rabobank and Nomura, wherein they expect the Australian currency to decline 5%, to 0.6500.

Among the optimists predicting Aussie strengthening is Morgan Stanley, the largest Bank. The Bank's currency strategists are positive about the prospects for the Australian dollar next year, expecting it to strengthen to 0.7100. Leading experts of Bank of America Merrill Lynch agree with them, predicting the strengthening of the "Aussie" to 0.7300.

However, a minor difficulty may turn out to be the current state of the economy of the Green Continent. In 2019, economic growth in the country slowed to a minimum over the past ten years. Experts record a steady decline in household spending. More so, the Central Bank of Australia does not rule out the launch of a quantitative easing (QE) program. This opinion was voiced by Philip Lowe, head of the Reserve Bank of Australia (RBA), after cutting rates to 0.25% last month. It can be recalled that the regulator reduced the rate thrice to an extremely low level of 0.75% this year. Thus, experts do not exclude that the RBA will repeat this step in the first half of 2020, reducing the rate by 25 basis points (bp).

As a result, many experts consider the dynamics of the Australian currency in a global context. Rabobank analysts attribute the fluctuations in the Aussie rate with the actions of the US Federal Reserve. They believe that the Federal Reserve will have to resume lowering rates next year after the current pause. The regulator also can decide on such measures in the second half of 2020, according to Rabobank. In the event of the implementation of such a scenario, the Central Bank of Australia may launch QE next year, experts conclude.