Westpac aims for 1.22 in EUR/USD and 1.41 in GBP/USD over the long term
Westpac Forecasts a Weaker Dollar Amid Global Economic Shifts Westpac has indicated that the outlook for the dollar is leaning towards a decline, suggesting that risks are predominantly negative. Looking forward, U.S. economic growth is anticipated to exceed the trend in 2026, largely driven by consumer expenditure and technological investments. Despite this positive forecast, inflationary […]
Customer criticizes Westpac for having to ‘beg’ for $25,000 cash withdrawal: ‘Felt like a criminal’
A Westpac customer recently had a surprising experience while attempting to withdraw $25,000 from his bank account. The incident left Andrew Pham feeling like a criminal. “I felt interrogated,” he expressed, noting it took more than half an hour to complete the withdrawal. Pham, who has been with Westpac for several years, is now considering […]
Westpac commits to maintaining bank branches until 2030 while testing a new partnership with Australian councils starting next year
Westpac Commits to Keeping Local Branches Open Until 2030 Westpac has made a promise not to shut down any local branches until 2030 and plans to send staff to regional cities lacking a physical bank presence. Over the last five years, the bank has closed more than 1,500 branches, facing significant backlash from the public […]
Australian Dollar stays strong after Westpac Consumer Confidence report
Australian Dollar Strengthens Amid Economic Signals The Australian Dollar is bolstered by reduced expectations of further RBA rate cuts. Westpac’s consumer confidence in Australia dips 3.1% to 95.4 in September from 98.5 in August. The US dollar continues to weaken as speculation on Federal Reserve rate cuts rises. The Australian Dollar (AUD) is gaining traction […]
Westpac appoints Anthony Miller as new chief executive officer By Reuters – Investing.com
(Reuters) – Australia's third-largest bank Westpac Banking Corp on Monday appointed Anthony Miller as its new chief executive officer and managing director, effective Dec. 16, 2024. Miller, who joined the company in 2020, was previously chief executive officer of Westpac's business and wealth division. He replaces Peter King, who is retiring after 30 years at […]
Westpac look for a short term dip in USD/JPY – ForexLive
Westpac thinks, “Is there a short-term opportunity for the yen amid long-term headwinds?” To summarize from my notes: A textbook case of a rapid USD/JPY reversal appears to be developing. The pair has been rotating between 150 and 151 recently, even though the hawkish re-pricing of US interest rates has lost momentum. US long-term yields […]