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At Any Rate

Global FX: Parsing more policy & growth divergence for FX

Jun 21, 2024
Global FX strategists Meera Chandan, Ben Jarman, and James Nelligan discuss currency implications from policy meetings and economic data. Topics include RBA and RBNZ meetings, US dollar performance, Aussie Kiwi pair, China's impact on the Australian dollar, central bank decisions, and future currency trends.
16:39

Podcast summary created with Snipd AI

Quick takeaways

  • US dollar shows strength but faces fluctuations due to data variations.
  • Reserve Bank of Australia signals possible rate hike, while New Zealand remains cautious.

Deep dives

US Dollar Strength Amidst Changing Growth Trends

The podcast highlights the US dollar's strength based on its yield advantage and exceptional economic growth. However, recent data showing moderation in US growth and weakness in flash PMIs have caused fluctuations in the dollar's performance. Despite signs of weakening exceptionalism, factors like Eurozone weakness and China's economic challenges suggest the dollar may not significantly depreciate.

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