Send Payments Weekly trading update, 2nd September 2024.

Australian Dollar Outlook

• 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.

Send Payments International Currency Update 26th August 2024

In the news! 🌏 – Market conditions and what to look out for this week 🗓️

AUD/USD 

• Fed Chair Jerome Powell said the "time has come" for interest rate cuts.

• The US Dollar (USD) will likely remain under pressure after US Federal Reserve Chairman Jerome Powell’s dovish Jackson Hole speech. 

• The US Durable Goods Orders for July are due later on Monday.