Westpac cuts Aussie dollar outlook
Westpac has sharply downgraded its Aussie dollar forecast as global confidence in our economy wanes.
Westpac has sharply downgraded its Aussie dollar forecast as global confidence in our economy wanes.
The Australian dollar traded at a six-year low below US69c today amid concerns about world growth.
The dollar was little changed today even after the RBA said the currency’s recent weakness would deliver stimulus to the economy.
The Australian dollar is at risk of weakening further in coming months, with three of the country’s major banks warning of headwinds.
The Aussie dollar was relatively subdued in trading today with markets still closely watching China’s daily process of fixing its currency.
The Australian dollar was well supported in Asia today despite news over the weekend of weak China trade and factory-price data.
The Australian dollar was lower today after data showing unemployment rose in July, even as employment grew strongly.
The Australian dollar retreated today after one of the strongest warnings yet from the Fed that it was ready to start raising rates.
The Aussie dollar rallied sharply today after the RBA left rates unchanged and stepped back from further currency jawboning.
The Australian dollar was little changed today ahead of a massive week of data and comments from the central bank next week.
Original URL: https://www.theaustralian.com.au/author/james-glynn/page/30