Westpac weekly markets video
The Aussie dollar this week fell to lows since July, albeit with mostly orderly price action. Australia’s retail sales report played a role but a strong US dollar was the bigger story. In our brief weekly video, I discuss the week’s key market drivers, including in Europe (Spain) and the UK (Theresa May) and suggest potential AUD/USD trading ranges next week as China returns from its week of holidays.
Sean Callow is Westpac Bank's Senior Currency Strategist, based in Sydney. Sean focuses on the Australian dollar and other G10 and Asian currencies. He has worked in strategy and economics roles in New York, London, Singapore and Melbourne.