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Market Wraps
fx
Latest news and analysis on fx
Macro
September 25, 2020 14:21
Aussie dollar sinks to a 2 month
low
Earlier this month the Aussie dollar was rebuffed as it tested 74 cents, a 2 year high. But the past week has produced a genuine correction, with the Aussie falling...
Sean Callow
Westpac Bank
September 25, 2020 14:21
Macro
May 15, 2020 14:52
Time to go
negative?
Negative interest rates were a hot topic this week. President Trump repeated his support for the idea but even prior to this, several Federal Reserve officials said...
Sean Callow
Westpac Bank
May 15, 2020 14:52
Macro
April 24, 2020 15:42
Energy price rout threatens A$
stability
A negative price for US crude oil provided much fascination this week. The May West Texas Intermediate oil contract closed at -$37.63 per barrel on Monday. But the...
Sean Callow
Westpac Bank
April 24, 2020 15:42
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Macro
April 03, 2020 15:20
Australian budget deficit heading beyond $200
billion
After the flurry of central bank policy steps in early to mid-March, the past week has been somewhat less dramatic. To be sure, the US Federal Reserve still managed 6...
Sean Callow
Westpac Bank
April 03, 2020 15:20
Macro
February 28, 2020 12:57
Post-GFC lows for Aussie dollar as equities finally
tumble
In recent weeks we have highlighted the limited response of equities to the coronavirus outbreak, contrasting with commodity, bond and FX markets, which all showed...
Sean Callow
Westpac Bank
February 28, 2020 12:57
Macro
November 29, 2019 15:45
The RBA's roadmap to
QE
RBA Governor Lowe’s speech this week did not disappoint. He reiterated the bank’s upbeat outlook for the Australian economy but clarified how the RBA would approach...
Sean Callow
Westpac Bank
November 29, 2019 15:45
Macro
November 15, 2019 14:50
Aussie rattled by jobs
slump
The Aussie dollar was already having a difficult week before sliding below 68 cents as Australia reported a fall in employment in October. The Aussie is the softest...
Sean Callow
Westpac Bank
November 15, 2019 14:50
Macro
November 08, 2019 14:28
Aussie dollar recovery
stalls
This week the RBA held its cash rate steady at 0.75% and made clear that it expects to hold again in December. It was able to send such a message without much fear of...
Sean Callow
Westpac Bank
November 08, 2019 14:28
Macro
October 18, 2019 14:56
A$ on the rise: Deal or no
deal?
The US and China are still talking about a trade deal, which is a positive outcome from last week’s meetings given the diplomatic tensions leading up to the meeting....
Sean Callow
Westpac Bank
October 18, 2019 14:56
Macro
October 04, 2019 14:21
Aussie dollar brushes off equity
turmoil
Considering the past week has included global markets being shaken by a collapse in a key US manufacturing survey to a 10 year low, the S&P 500 kicking off Q4 by...
Sean Callow
Westpac Bank
October 04, 2019 14:21
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