Westpac FX and interest rate news for businesses
Why are iron ore prices at 7yr highs?
Commodity markets have surged through the end of November and into December as optimism that the role out of vaccines could see global activity return to more normal levels. And with record amounts of central bank liquidity, ongoing enormous fiscal support and hopes that we will see increased investment into a ‘green recovery’ in the likes of Europe and the US have all added to the rising interest in industrial commodities.
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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.