Westpac: Upbeat On Dollar In Near Term

The video discusses the potential challenges facing the US dollar, including tapering by the FOMC, vaccination coverage, and fiscal issues like the debt ceiling. It also examines the dollar index, the impact of oil prices on currencies, and the performance of currencies like the Canadian loonie and Norwegian krone. The discussion extends to US fiscal policy, the political impasse on Capitol Hill, and its implications for growth. Finally, it covers the Bank of England's monetary policy and its effect on Sterling.

What are some potential roadblocks for US growth mentioned in the video?

• Rising unemployment rates

• Trade wars with China

• Delta variant impact and fiscal challenges

• High inflation rates

What is the expected short-term movement of the dollar index according to the video?

• No change

• A sharp decline

• A slight increase followed by consolidation

• A significant increase

What is the significance of the ECB's December meeting mentioned in the video?

• It will determine the future of the Eurozone

• It will address trade agreements

• It will focus on environmental policies

• It is a key meeting for monetary policy decisions

Which currencies are mentioned as potentially outperforming the US dollar due to rising oil prices?

• Canadian Dollar and Norwegian Krone

• Euro and British Pound

• Japanese Yen and Swiss Franc

• Chinese Yuan and Indian Rupee

How might the impasse on Capitol Hill affect US growth?

• It will have no impact

• It could boost growth significantly

• It will only affect the stock market

• It poses a threat to growth

What is the potential impact of the Bank of England's monetary policy on the British Pound?

• It could lead to more sustained gains

• It will have no effect

• It will cause the Pound to fluctuate wildly

• It might weaken the Pound

Which central bank is mentioned as potentially joining the Bank of England in raising rates?

• Federal Reserve

• European Central Bank

• Reserve Bank of New Zealand

• Bank of Japan