Stronger Australian Dollar Could Make Banks Less Attractive -- Market Talk
Dow Jones
Feb 04
0102 GMT - Strength in the Australian dollar and a cyclical rotation into mining stocks could dampen offshore investors' appetite for shares in the country's big banks, Macquarie analysts say. They tell clients in a note that offshore investors remained the primary net buyers of Australian bank stocks over the past year at a record A$8.8 billion. However, internal flows data at Macquarie suggests that investors have generally been net sellers of banks so far in 2026. Some domestic selling could be pinned to profit-taking on ANZ's recent rise, they add. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
February 03, 2026 20:02 ET (01:02 GMT)
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