Ray Attrill

Ray Attrill

Head of FX Strategy

“Ray has 30 years experience as an economist and market strategist, obtained in roles working in London, Sydney and New York.”

Ray Attrill is Head of FX Strategy within the Fixed income, Currencies and Commodities division of National Australia Bank.

In this role, he advises the bank’s dealing rooms and institutional and corporate clients on developments in global foreign exchange markets.

Ray has 30 years experience as an economist and market strategist, obtained in roles working in London, Sydney and New York. Prior to joining NAB in 2012, he held a similar role at BNP Paribas, based in New York.

He previously amassed considerable experience in research and strategy, being a joint founding partner for 4CAST limited, a leading independent economic and financial market research company. Prior to that, he worked for many years in senior roles at MMS International, also a leading on-line market research provider.

He holds both Master and Bachelor of Science degrees in economics from the London School of Economics.


Speculation the US and China will strike a deal on trade around November has given markets some reason for optimism.

The US dollar and equities are on the rise and EM currencies teetering on the edge of a bearish market.

The weekly highlights the outlook for the NZD and AUD.

The crisis in Turkey’s currency is having ramifications far afield.

The Russian Rouble and the Turkish Lira hit hard over US sanctions.

The Renminbi rose today and, demonstrating its dependency, the Australian dollar followed suit.

The Yuan has served to undermine all of the gains in the AUD generated by yesterday’s good employment report.

Trump in Helsinki and the EU in Beijing didn’t really move markets but the dissent in the UK has weakened the pound.

China’s M2 money supply grew less than expected on Friday.

Whilst Trump is overseas, the stock market has rebounded from yesterday’s falls, whilst Brent Crude continues to fall.

AUD/USD is now expected to be largely contained within a 0.70-0.75 trading range.

The next battle for Theresa May is in Brussels – will the EU accept her proposal, at least as a starting point? Plus, US ‘poised’ to release $200bn China tariff list, puncturing risk-positive offshore sentiment.

In June, the AUD/USD saw a new year-to-date low – a level last seen in May 2017 | Over the fiscal year the AUD/US traded between a high of 0.8136 and a low of 0.7311.

Articles posted by month