CGM Weekly FX Video Update – 1st August 2017



US economy grew at its fastest pace in 2 years, however the US$ remains weak due to the unsettled political environment, another failed attempt to pass a US health care bill & the US Fed’s hesitance to raise interest rates again this year. The Aussie Dollar remains at 2 year highs around 80 US cents. Short-term A$ upside is now at 81.6 US cents. Low inflation means low interest rates! We expect the RBA will remain on hold with no change expected to official interest rates until end 2018.


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