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Westpac expert on Aussie dollar buffeting

21 July 2015

Robert discusses the factors that have buffeted the Australian dollar this last week. The NZ$ and C$ have weakened sharply and Australian consumer sentiment dropped to lows back to December. These factors have helped pressure the A$ to fresh lows at 0.7350. He expects this to continue next week as the RBNZ cuts rates by 25bps while 50bps is possible. Robert expects the A$ to trade in a 0.73 to 0.75 range next week.

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1 comments

  • Adrian Totolos

    Adrian Totolos 4 years ago

    Dear Robert, "And when the money failed in the land of Egypt, and in the land of Canaan, all the Egyptians came unto Joseph, and said, Give us bread: for why should we die in the presence ? For the money faileth". Genesis 47:15. Kind regards, Adrian Totolos. Business Analyst.