Original article by Philip Baker
The Australian Financial Review – Page: 24 : 15-May-15

The Australian dollar was trading at around $US0.81 on 14 May 2015, and US economic data is likely to be a major influence on its outlook in the near-term. Most of the recent data suggests that US economic growth remains subdued, and the timing of the first interest rate rise in six years will depend on the state of the economy. BetaShares CEO David Bassanese believes that US economic data will improve, which would most likely result in a rate rise in either June or September.

CORPORATES
BETASHARES CAPITAL LIMITED, UNITED STATES. FEDERAL RESERVE BOARD, BT FINANCIAL GROUP PTY LTD, WESTPAC BANKING CORPORATION – ASX WBC, STANDARD LIFE PLC, ORGANISATION FOR ECONOMIC CO-OPERATION AND DEVELOPMENT