Greg Gibbs
Greg Gibbs
australian continue interest rate support
Interest rate expectations will continue to support the Australian dollar.
associated australian behavior cyclical global greater growth strong stronger
Strong cyclical equities are often associated with greater global growth confidence, risk-seeking behavior and a stronger Australian dollar.
australian best days dollar feeling past terms
The Australian dollar has underperformed because there is a feeling it's past its best days in terms of a high-yielding currency.
against australian dollar few happened market moved numbers occasions quite several strong turn
The Australian dollar has moved up against all other currencies quite sharply. The market has been wrong-footed by the Australian dollar, as has happened on several occasions this year. You get a few strong numbers in Australia and the market has to turn around again.
australian both dollar dragged months several zealand
The Australian dollar has been dragged down by the New Zealand dollar. Both currencies may well go through several months of under-performance.
australian bullish difficult dollar quite rising
It's quite difficult to get bullish on the Australian dollar when the U.S. dollar is rising on interest-rate differentials.
australian built head rate support week
Rate speculation this week has built up a head of steam. This will support the Australian dollar.
currency fallen negative number quite surprised
This number is quite a shock. This is a short-term negative for the currency and I'm surprised it hasn't fallen further.
bottom couple days large last move range shift testing
There is some kind of a shift under way, with the large move over the last couple of days testing the bottom of its range for the last year.
appears bonds china coming flag foreign frequently global growth investment japan makers policy regard rising risk trust volumes
Much of this liquidity appears to be coming from China and increasingly Japan where investment trust growth is supplying significant volumes to foreign bonds with little regard to the rising global imbalances that policy makers frequently flag as a risk to the global economy.
based dollar downside economy further greater month next potential rapidly risks slow upside zealand
Based on our sense of positioning, excessively bearish sentiment, and risks that the economy does not slow as rapidly as hoped, we see greater upside potential for New Zealand dollar than further downside in the next month or two.
calming comments expecting market maybe obviously prepared
Obviously the market was well prepared for a change. Maybe the market is expecting some more calming comments from Fukui.
adequate assets bank central chasing commodity concern curtail economic global growth higher markets overall policy recovering risk strong
Recovering equities and still overall strong commodity markets suggests that there is little broad-based concern that central bank policy tightening will curtail global economic growth and there is still adequate global liquidity chasing higher risk assets and capping risk premiums,
certainly currency discourage economy further hold lower negative struggle taken talking trend year
The RBNZ has been talking the currency down for over a year and certainly won't discourage further falls. A negative trend in the currency has taken hold and the presumption that the economy will struggle this year, without a much lower currency, will keep it trending lower.