AUD/USD Tops FX Leaderbaord as Hawkish Repricing Continues -- Market Talk

Dow Jones12-05 12:58

0458 GMT - AUD/USD is topping the weekly FX leaderboard as a hawkish repricing of interest rate expectations continues, says Richard Franulovich, head of FX strategy at Westpac. The Australian dollar is enjoying a degree of yield support that hasn't been in place for years, he adds. There is some wariness that the repricing has gone too far: 11 bps in rate-hike risk is priced for May next year, he adds. RBA Gov. Michele Bullock has plenty of reasons to continue to sound incrementally more hawkish, he says. Westpac is targeting a retest of the 0.6707 September highs. The pair now trades at 0.6620. (james.glynn@wsj.com; X @JamesGlynnWSJ)

(END) Dow Jones Newswires

December 04, 2025 23:58 ET (04:58 GMT)

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Michele Bullock has plenty of reasons to continue to sound incrementally more hawkish, he says. Westpac is targeting a retest of the 0.6707 September highs. The pair now trades at 0.6620. 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The Australian dollar is enjoying a degree of yield support that hasn't been in place for years, he adds. There is some wariness that the repricing has gone too far: 11 bps in rate-hike risk is priced for May next year, he adds. RBA Gov. Michele Bullock has plenty of reasons to continue to sound incrementally more hawkish, he says. Westpac is targeting a retest of the 0.6707 September highs. The pair now trades at 0.6620. 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