ausbiz: Why the Aussie dollar is likely to remain under pressure
In his latest interview with ausbiz, Peter Dragicevich, APAC Currency Strategist at Corpay Cross-Border Solutions, talks through why the Aussie dollar is under pressure and likely to remain so. Peter discussed:
Higher yields. Markets reprice BoE rate hike expectations after UK wage growth quickens. This supported GBP, and pushed AUD/GBP a bit lower.
US inflation. Headline CPI 'mechanically' falls, while core inflation is stickier. Tomorrows Fed meeting in focus. A 'hawkish skip' looks most likely.
AUD cross currents. AUD mixed overnight. The lift in USD/CNH remains a AUD headwind. A 'hawkish' Fed could see the AUD dip lower.
Watch the ausbiz video here: https://ausbiz.com.au/media/why-the-aussie-dollar-is-likely-to-remain-under-pressure?videoId=29723
Switch to Corpay
Discover how making the move to Corpay streamlines payments and strengthens your business.
Talk to an ExpertSmarter payments. Stronger growth. Keep business moving.
Corpay powers payments for 800,000+ businesses worldwide. Let’s build what’s next for yours.