Westpac FX and interest rate news for businesses
Westpac Markets Update: Sean Callow, 29 March 2019
The US dollar was stronger against most major currencies this week, not so much due to positive news on the US economy but instead in response to negative developments elsewhere, such as poor European data and the RBNZ's dovish turn. AUD/USD was only a little softer but faces a big calendar in the week ahead, including Australia's federal budget and RBA decision on the same day.
Check back each Monday around lunchtime, Sydney time, for a new episode (except public holidays), or browse through past episodes on our YouTube channel.
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.
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.
Westpac FX Weekly
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.