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.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services