Westpac FX and interest rate news for businesses
Nov 3 ‘Double Header’ to keep A$ on backfoot?
Global markets appear to be taking a ‘wait and see’ approach to the US Presidential election which is now less than two weeks away. And even with rising optimism that another round of fiscal aid for beleaguered US households may not be too far away, the S&P500 is down about 0.5% over the last week.
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About Sean Callow
Sean analyses the key factors driving the Australian dollar and other G10 currencies. With three years experience in Westpac’s Singapore office, Sean continues to keep a close eye on Asian FX trends. Before joining Westpac, Sean spent 13 years in New York and London, as a senior currency strategist and has also been a financial markets economist in Melbourne. He has a Bachelor of Economics degree (with Honours) from Monash University.
About Robert Rennie
Robert heads up the FX Strategy Group at Westpac. He specialises in Australasian currencies with particular focus on the AUD, JPY and North East Asian currencies. Robert is widely recognised for his market leading analysis of capital flow in these specialist areas. Prior to joining Westpac in 2000, Robert spent 14 years as an Investment Banker in London with Morgan Stanley Dean Witter and Midland Bank. He has a Bachelor Degree in Economics (Honours) and a Masters in Economics from universities in the UK.
About Richard Franulovich
Richard analyses global macroeconomic trends with a particular focus on the FX markets. After a 17 year stint in Westpac’s New York branch, Richard returned to Sydney in late 2019. Previously an economist in Westpac’s Economics team in Sydney and the Australian Federal Treasury in Canberra, Richard holds a Bachelor of Economics Degree (Honours).
Market insights on currencies
If you want to know more about what is happening in the foreign exchange markets, have a look at the publication below.
Weekly Market Update
A brief discussion of the week's developments in the Australian dollar against a range of currencies including the US dollar, New Zealand dollar and euro.