Election’s impact on Australian currency

On the back of today’s election there has been reaction in the world of currency. Ross Greenwood spoke to  Westpac Head of Marketing Robert Rennie about how the result will impact the Australian currency.

Rennie says they were expecting a Hilary Clinton victory.

‘We had a very clear path for the Fed’s to raise rates in December. I think that path has become very difficult now,’ he told Ross Greenwood.

‘It’s now our expectations that the Fed will hold fire.’

Click PLAY to hear the interview