There is a "realistic" prospect that in interest rates in the United States will be higher than in Australia for the first time in 15 years, NAB economists say. The Australian currency last fetched US The US dollar climbs towards a year peak as global markets adjust to the idea of higher US interest rates, triggering worries over who stands to lose from a higher greenback. Is it worth taking out private health insurance when the Medicare system is available to everyone?

The stand out listings traded on the ASX captured at key moments through the day, as indicated by the time stamp in the video. New skin tones, and hairstyles, fashion accessories, there's even a "dad-bod" version as Mattel hopes to revitalise Barbie's flagging boyfriend. Amazon's move into the grocery space will threaten and disrupt consumer packaged-goods companies globally.

The credit ratings of ANZ, CBA, NAB and Westpac have been downgraded due to risks in the housing market. Prices are set to drop at Whole Foods Market in the US, as Amazon takes over and takes aim at Wal-Mart's groceries business, which accounts for more than half of its revenue.

The Federal Reserve funds rate now stands at 0. But there are a number of permutations that could result in tighter official monetary conditions in the US than down under, NAB global co-head of currency strategy Ray Attrill said. One possibility is the US Fed could raise rates by a quarter of a percentage point four times with no change from the RBA.

Or there could be three rises from the Fed - the current median projection from members of its monetary policy setting committee - married to one cut from the RBA. Alternatively, the Fed might hike twice, while our central banks eases twice. That last scenario is NAB's current forecast, but "none of these combinations are implausible," Mr Attrill said. According to pricing in fixed income markets, there is a one-in-four chance of three US rates hikes by this time next year, and close to a one-in-three chance of two hikes, according to Bloomberg numbers.

There is a 13 per cent chance the Fed will lift four times in For the local cash rate, traders are factoring in higher odds of one rate hike by November - 34 per cent chance - against only a 3 per cent chance of a quarter-point move lower. The odds of rates staying steady at 1.

By submitting your email you are agreeing to Fairfax Media's terms and conditions and privacy policy. While there is precedent for a collapse in the local exchange rate, Mr Attrill said he did not see the Aussie dollar dropping "much below 65 US cents, other than in the midst of a US-instigated trade war" — of the type investors fear US president-elect Donald Trump might spark if he translates tough rhetoric, particularly against China, into more tangible measures such as tariffs.

While interest rate differentials play a large role in determining the relative strength of currencies, it is not the sole factor. One major reason for Mr Attrill's more benign view of the currency is that our terms of trade currently sits around 40 per cent above the average level that prevailed between and That's thanks to the recent once-in-a-generation resources boom driven by the industrialisation of China and its hunger for natural resources such as iron ore and coal.

Today's stronger terms of trade implies "a significantly higher level" for the Aussie dollar compared to the turn of the millennium, Mr Attrill says. He calculates that "crudely, the current equilibrium trade-weighted index [for the Aussie dollar] is some 20 per cent above average levels".

Secondly, the late Nineties "was a quite unique era from a global capital flows perspective", in which the the US tech sector was sucking in international money from investors keen to capitalise on the Dotcom boom, regardless of differences in global interest rates.

Australian dollar hits highest mark since June as risk tolerance rises | isycihe.web.fc2.com

Finally, Australia's currency weakness was exacerbated when the economy flirted with recession in the second half of following the introduction of the GST in July of that year. Unemployment rose to 7 per cent from 6 per cent in the 18 months following the introduction of the tax, to which the RBA responded by slashing rates by two percentage points in You are logged in as unknown Logout.

I understand that submission of this content is covered by the Conditions of Use by which I am bound and Commenting Guidelines are available for my reference. Menu The Sydney Morning Herald News site of the year.

Subscribe Login Sign-up Become a SMH member today! Join today and you can easily save your favourite articles, join in the conversation and comment, plus select which news your want direct to your inbox. Become a SMH member today! Home News Sport Business World Politics Comment Property Entertainment Lifestyle Travel Cars Tech Video All News NSW News National Environment Health Education Investigations Good Weekend Galleries Clique Photos Victoria News Queensland ACT News WA News. Sport NRL Union AFL Football Cricket Racing Motorsport Basketball Netball Cycling Tennis Scores Golf US Sports Athletics Swimming Boxing Sailing.

News Markets Quotes Workplace Consumer Property Innovation Retail Economy CBD Money Small Business. Politics Politics Political Opinion Video Cartoons The Pulse Federal Election Your Vote Electorate Map.

Comment Letters Editorials Column 8 Obituaries Peter Hartcher Ross Gittins Jessica Irvine Blunt Instrument Satire.

Tech News Security Web Culture Innovation Sci-Tech Gadgets Games eSports Smartphone Apps Mobiles. Video News Sport Business Entertainment Lifestyle Travel Property Cars Food Exec Style Parenting. Patrick Commins Follow on Twitter. Play Video Don't Play. Up Next Do you need to buy health insurance? More BusinessDay Videos Previous slide Next slide. Winners and losers of US dollar surge The US dollar climbs towards a year peak as global markets adjust to the idea of higher US interest rates, triggering worries over who stands to lose from a higher greenback.

Do you need to buy health insurance? Up Next ASX winners and losers - a snapshot Play Video Don't Play. ASX winners and losers - a snapshot The stand out listings traded on the ASX captured at key moments through the day, as indicated by the time stamp in the video. Up Next Mattel gives Ken a man bun Play Video Don't Play. Mattel gives Ken a man bun New skin tones, and hairstyles, fashion accessories, there's even a "dad-bod" version as Mattel hopes to revitalise Barbie's flagging boyfriend.

Up Next Amazon-Whole Foods deal a 'game changer' Play Video Don't Play. Amazon-Whole Foods deal a 'game changer' Amazon's move into the grocery space will threaten and disrupt consumer packaged-goods companies globally.

Up Next NSW budget: Up Next Moody's downgrades the Big Four banks Play Video Don't Play. Moody's downgrades the Big Four banks The credit ratings of ANZ, CBA, NAB and Westpac have been downgraded due to risks in the housing market. Up Next Amazon targets rival grocery giant Play Video Don't Play.

Amazon targets rival grocery giant Prices are set to drop at Whole Foods Market in the US, as Amazon takes over and takes aim at Wal-Mart's groceries business, which accounts for more than half of its revenue.

Foreign exchange historical rates | Westpac

You will now receive updates from Business AM Newsletter. Related Content Markets take RBA minutes as an amber for rate hikes Aussie dollar loses last of gains. Log in to comment New User? You are logged in as unknown Logout words Close comment form. Close Thank you Your comment has been submitted for approval. Please note that comments are moderated and are generally published if they are on-topic and not abusive. Sort comments by Oldest Newest. HuffPost Australia Drug Addicts, Alcoholics To Be Denied Facing A Housing Crisis, Young Aussies Most Popular Macquarie bankers drug colleague with valium, laxatives.

Money in tax fraud 'laundered through Lebanon'. Macquarie bank faces class action over advice on dud Brazilian mine project. Follow BusinessDay Share on Facebook Facebook Share on Twitter Twitter. Follow SMH Share on Facebook Share on Twitter Share on Email Newsletters. Most Viewed Today Previous slide Next slide.

Business Macquarie bankers drug colleague with valium, laxatives. Which 10 consumer brands influence Australians the most? The Sydney Morning Herald Islamist militants take hostages in Philippine school. Fadi Ibrahim takes case of mysterious mansion bargain to court. Stay away from London if you're coming to Europe. Macquarie bankers drug colleague with valium, laxatives. The Age 'Get off your fing phone': Mystery surrounds Bali jailbreak through flooded escape tunnel.

Bulldog Stringer hits out at hurtful rumours about his family. Brisbane Times Former mayor Paul Pisasale arrested, charged with extortion. Family in mourning after pedestrian death. Man hit by truck crossing Adelaide Street.

Paul Pisasale granted bail despite police objections. Blow to Malcolm Turnbull as George Christensen crosses the floor, votes with Labor on penalty rates.

Canberra Times Fire sends plumes of black smoke over Hume. Public service peace close as big depts vote. The Belconnen suburb with double the number of loud music complaints as Civic or Kingston.

New Child Support pay system a 'shambles', say public servants. What were the Kardashians doing at a surprise ACT wedding? WA Today Capel mother charged over baby's death after 'catastrophic head injury'. WA government announces inquiry into regional flights. Dog walker stabbed in unprovoked Perth attack. New injury could set Eagles' Josh Kennedy back another four weeks.

Mother's warning to others as Bunnings investigate razor blade in trolley. Get Started Subscribe today for unlimited access from only 50c a day.

SDN applications resources and information - SearchSDN

The Sydney Morning Herald Share via Email Share on Facebook Share on Google Plus Share on Twitter RSS Feed. Products and Services AM Edition PM Edition SMH for iPad Today's Paper Subscribe Manage My Subscription Subscriber Hub Corporate Subscriptions Digital Subscription FAQs Good Food Guide The Store by Fairfax Newsletters.

Sydney Morning Herald Sitemap About Us Contact Us Subscribers Advertise With Us Text Version Site Accessibility Guide Privacy Policy Conditions of Use. Classifieds Place an Ad Cars Dating Jobs Real Estate Commercial Real Estate Oneflare Nabo Tributes Celebrations. Our Sites SMH The Age AFR. Info Save articles for later. Info Subscribe for unlimited access to news.

Login to save articles. Info Return to the homepage by clicking on the site logo.