Monday 13th September 2025

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The Aussie dollar has broken free from the holding pattern that has kept it below 66 US cents all year. On today’s podcast Phil asks NAB’s Ray Attrill why now, for a risk-sensitive currency, when there is still so much global uncertainty. That uncertainty was reflected in the University of Michigan Consumer Sentiment Survey on Friday, which showed US inflation expectations were rising. This week is a big one for central banks, with decisions being made in the US, UK, Canada and Japan. Two cuts and two on hold?

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Aussie dollar climbs above the uncertainty