You've landed on our UK website.
Click here to visit our USA website.

If you are having difficulty locating the information you require, we're here to help. Just get in touch and we will do our best to assist you.

Weekly Roundup: AUD, NZD limited by growth concerns

currency-newsWeekly Roundup: AUD, NZD limited by growth concerns
The Australian and New Zealand dollars both faced pressure last week as global growth concerns continued to limit the appeal of risk-sensitive currencies.

These concerns were initially driven by the release of China’s latest trade figures after Chinese exports unexpectedly slumped to a two-year low in December.

AUD and NZD exchange rates then remained on the back foot through much the remainder of the week, with limited domestic data and weak risk appetite undermining the pair.

Looking ahead, both the Australian dollar and New Zealand dollar may struggle over the first half of the week after Chinese GDP was revealed to have fallen to a 29-year low in 2018.

In terms of individual movement, the ‘kiwi’ may be set back on Tuesday by the release of New Zealand’s latest CPI report, with economists forecasting that domestic inflation will have stalled in the fourth quarter.

Meanwhile, the second half of the week may see the ‘aussie’ undermined by Australia’s jobs report if employment growth slowed in December, as expected.
Philip McHugh

Philip McHugh

Joining the corporate trading desk in 2007, Phil now over sees all of Currencies Direct’s corporate dealing activity. Having gained experience working with hundreds of businesses to optimise international payments processes and execute comprehensive risk management strategies, Phil currently works with a portfolio of corporate clients whilst managing Currencies Direct’s overall market exposure

Phil has FCA approval and has completed the Certificate in International Treasury Management (CertiTM)

Check our exchange rate

Thanks, we'll be in touch.

Check your inbox - one of our currency experts will be in touch to complete your quote.

If you want see our online exchange rates straight away, simply register online & log in.