Westpac FX and interest rate news for businesses
Can the Aussie recapture 80 cents?
The Australian dollar fell sharply at the end of last week, but only after it reached 80 cents for the first time since February 2018. Global factors have been important in the Aussie’s rise, with fellow commodity-sensitive currencies the New Zealand dollar and Canadian dollar also printing highs since 2018 during February.
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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 impacting on the Australian dollar including economic data, news on interest rates and movements in commodity prices.