Westpac Markets update Friday, July 7, 2017

The last week has been a volatile one, with central bank outlooks the key focus in Australia and abroad. We received positive updates on the domestic economy regarding consumption and trade, but the key event was the RBA’s decision. The AUD was the weakest major currency this week as the RBA’s determined “on-hold” stance contrasts with more optimistic outlooks from other major central banks.