Stephen Koukoulas
Stephen Koukoulas
currency demand highest interest rates
Some of the highest interest rates in the world keep demand for the currency strong.
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The credit data, together with the TD-MI monthly inflation gauge for October suggest the Reserve Bank will leave interest rates unchanged,
alan data fit governor hiking information interest needed stop today
If RBNZ Governor Alan Bollard needed more information to stop hiking interest rates, the house-building consents data today fit the bill.
cut forecast interest less looking rate
A mid-year interest rate cut is looking less likely. We had forecast a rate cut in July. That's looking a lot shakier after today's number.
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The case for a rate hike is clearly much stronger. The rest of the world is raising interest rates and global inflation rates are edging higher. Fuel-price increases will flow through to inflation.
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The unemployment rate is likely to break below 5 percent in the months ahead. It will escalate the pressure on the Reserve Bank to raise interest rates, which in turn will be a shot in the arm for the Australian dollar.
australian demand fans global incredibly strong
We're short-term fans of the Australian dollar. The global demand for commodities is incredibly strong because of the global economy, which is doing very well.
adding clearly currency dollar external harder love
Bollard is clearly frustrated. The kiwi dollar is too strong, adding to external imbalances by making it harder for exporters to compete. He would love to see the currency falling.
adding clearly currency dollar external harder love
Bollard is clearly frustrated, ... The kiwi dollar is too strong, adding to external imbalances by making it harder for exporters to compete. He would love to see the currency falling.
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There is still a huge amount of resilience in the consumer side of the economy,
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Growth momentum means offshore investors want to put their money in Australia.
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We forecast the Reserve Bank will raise rates by the middle of the year as it works to damp inflation pressures that are still pronounced.
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We are just hoping the export sector kicks into growth during 2006. Improvement in the trade deficit has been a long-time coming.
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Housing construction is likely to be weak into the first half of 2006 and possibly beyond. It works against the tightening bias of the Reserve Bank.