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Westpac insights: currency and world economic movements
12 May 2015
James Shugg gives a great round up of the first quarter US GDP report, which has led to an unexpected shift in the FX markets. The USD has weakened in light of a weak economy and the likelihood of policy tightening has been pushed out from June. The Euro has weakened as well in light of ECBs policy easing in early March. The AUD moved up to over 80 cents for the first time in weeks but fell back to 78 cents. Listen in for insights into world economic movements this week.