Foreign Currency Strategist for the Commonwealth Bank of Australia - Accounting Assignment Help

Assignment Task:

Task:

You are working as a foreign currency strategist for the Commonwealth Bank of Australia. Your primary task is to forecast AUD against USD and evaluate the bank’s risk management process.
In this part, you need to apply your understanding of the following information provided in Figure 1 and Figure 2 on the US and Australia's macroeconomic position in 2020.
Required
Based on various fundamental exchange rate theories and using information from Figures 1 and 2, predict the Australian dollar exchange rate against USD for 2021 (You can consider the end of year 2021 for forecasting period). You need to consider the relevant macroeconomic variables based on the discussion in the semester for this course. The response needs to be between 900- 1000 words.
Assume you want to use technical analysis to forecast Australian dollars' exchange rate, what will be your justifications? The response needs to be between 300-350 words.

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