Global Markets

Global Markets Update

2 April, 2019

We expect the Loonie, Aussie & Kiwi to fall this year

While we think that interest rates will be cut in Canada, Australia and New Zealand over the next couple of years, we suspect that this will be more of a boost to their government bonds than a drag on their currencies. Nonetheless, we still expect the Loonie, Aussie and the Kiwi to weaken considerably against the US dollar by the end of 2019, as investors’ appetite for risk wanes and commodity prices fall.

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