Westpac FX and interest rate news for businesses
Westpac Markets Update: David Goodman, 7 December 2018
The last week certainly has been a volatile one with markets remaining risk averse. Trade has been a key focus globally, leading to a material downward repricing of Fed outlook Locally, disappointing GDP data stole the stage while the RBA held rates steady for yet another calendar year. With this backdrop, it is not surprising the Aussie dollar underperformed, being the weakest G10 currency this 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 David Goodman
David leads Westpac’s Macro Strategy team. David also currently heads Westpac Financial Markets’ Diversity and Inclusion committee. Prior to Westpac, David worked for the federal Treasury in Canberra. David is a CFA charterholder, and holds Bachelor’s degrees in Commerce with Merit (Finance, Business Economics) and Science (Mathematics) from the University of New South Wales.
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.