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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.