The Australian dollar was hit hard this week by the market's scramble to price in a Federal Reserve rate rise this month, which boosted the US dollar across the board but last night hit the Aussie harder than most. I note the key comments from the Fed and look at Australia's key data this week - a surge in Q4 GDP but a slide in the Jan trade surplus. I also take a quick look at the week ahead and the likely trading range for AUD/USD.
Sean Callow is Westpac Institutional Bank's Senior Currency Strategist based in Sydney. Sean is responsible for adding value to our clients' trading decisions through the analysis of key factors driving the Australian dollar and other G10 currencies.