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Westpac Markets Update: Robert Rennie (August 4, 2017)

This week the Australian dollar traded briefly above 0.80 while the US Dow Jones made record highs. Credit conditions have eased in the US, helped by a weaker US dollar. Rob discusses how the RBA sees the weaker US dollar and how they changed their growth projection for Australia but retained a positive outlook. He also reviews retail sales. Rob then looks at how these factors and commodity prices are likely to affect the Australian dollar.

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.

About Martina Song

Martina started at Westpac in 2014 in the graduate program before joining the Strategy team. She mainly focuses on G10 currencies and also watches Australia's major commodity exports. Martina has a Bachelor of Arts (Honours) in Philosophy, Politics and Economics from the University of Oxford.

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, euro and Chinese yuan.