AUD on a high - Westpac

Robert Rennie, Research Analyst at Westpac, explains that the AUD/USD spent the second half of last week above 0.80, reaching 32 month highs above 0.8130.

Key Quotes

“Strong commodity prices, a positive global picture and a growing sense that the Australian economy was strengthening into the end of 2017 were all factors helping the A$ higher. However, it’s been the weakness in the US dollar that has been a key driver for much of the A$ move.”