Australia Dollar


ANZ: Asian currencies will weaken further against the US dollar

ANZ still thinks that the US dollar is likely to strengthen against Asian currencies over the next two years, despite its recent stumble. “While the current Fed policy normalisation is gradual and we believe that Asian economies are well placed to weather it, we continue to expect further USD strength against Asian currencies,” says Khoon Goh, head of Asia research at ANZ. “There will be a further narrowing in the yield differential between US and Asia, and higher US bond […]

Australian dollar sheds more than 1pc amid resurgent greenback

The Australian dollar has plunged below the US76¢ mark amid a resurgence in its US counterpart as expectations the Federal Reserve will lift interest rates later this month continues to ratchet higher. Governor Lael Brainard, seen as among the most dovish policymakers, has added her voice to the debate, saying the economy “appears” to be at an inflection point. “We are closing in on full employment, inflation is moving gradually toward our target, foreign growth is on more solid footing, […]