Ian Cragg 4/9/24 Ian Cragg 4/9/24

Send Payments Weekly trading update, 2nd September 2024.

The Australian dollar is expected to advance further with support from the RBA, but the process remains slow due to constraints from China.
Sydney-based analyst Oliver Levingston notes that interest rate differentials between Australia and other regions are set to remain "an especially important tailwind for the AUD and the main reason AUD is likely to move higher against G10 FX crosses by year-end."
"G10 crosses" refers to non-USD Australian Dollar exchange rates, such as the Pound to Australian Dollar and Euro to Australian Dollar pairs.