The Australian dollar is on the back foot today as risk appetite sours, but it has mostly had a good week, reaching 6 week highs against the US dollar. Much of its strength stemmed from Australia's GDP report, where growth accelerated to above 3%. But the details of the report were less impressive. In our brief weekly video, I discuss this and the Aussie's commodity price support and then take a quick look at next week's key policy decisions by the FOMC and the ECB.
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.