Westpac foreign exchange news – 3 March

The Australian dollar was hit hard this week by the market's scramble to price in a Federal Reserve rate rise this month. Sean Callow Westpac’s Senior Currency Strategist notes the key comments from the Fed and then looks at Australia's key data this week - a surge in Q4 GDP but a slide in the Jan trade surplus. He takes a quick look at the week ahead and the likely trading range for AUD/USD.