The kiwi has been spellbound by New Zealand political news since Jacinda Ardern became Labour Party leader. Sean discusses the sharp fall in the kiwi as Ardern was anointed prime minister and the new coalition government's focus on the currency. He also takes a look at Australia's impressive jobs data and the key events in the week ahead: Australia's CPI data and the ECB meeting.
Financial markets focused on Washington DC this week, wondering what the Trump-Corker feud could mean for the administration’s proposed tax plan and who might be the next Federal Reserve chair. Domestic data supported the Aussie dollar, iron ore prices less so. Sean also takes a quick look at the key factors to watch next week and what they signal for AUD.
The Aussie dollar this week fell to lows since July. Australia’s retail sales report played a role but a strong US dollar was the bigger story. Sean discusses the week’s key market drivers, including in Europe and the UK and takes a quick look at what to expect for AUD next week as Chinese markets reopen.