John Kyriakopoulos
John Kyriakopoulos
advantage declining dollar expensive higher metals north poor prices sentiment yield
Higher metals prices and poor US dollar sentiment are offsetting a declining yield advantage for the Aussie, but we still see it expensive north of $0.7500.
commodity interest prices rate rising spread
While commodity prices have been rising Australia's interest rate spread has been narrowing.
action days exhaustion few last potential price suggest
The price action of the last few days does suggest a potential exhaustion in the dollar's rally,
dollar further last percent recovering sharp slide
We're back to 5 percent expectations and the dollar is recovering from its sharp slide of last week. The dollar has a little further to go.
clearly consensus dollar next risks short upside
There are clearly upside risks around the consensus expectations for non-farm payrolls. As such, we would not be short the U.S. dollar over the next 24 hours.
bank concerns curb easing inflation near reserve
Heightened inflation concerns could curb expectations of an easing from the Reserve Bank in the near term.
bulls concerns dollar economic growth inflation keeping monetary risks
Heightened concerns over inflation risks in the U.S. and a consequent monetary policy-induced slowdown in economic growth are keeping U.S. dollar bulls in check.
dollar economic growth investors prove remains remind reports serve
U.S. economic reports serve to remind investors that U.S. economic growth remains solid, and as long as this continues, writing the U.S. dollar off could prove a costly strategy.
currency flows meet moves small
As such, currency moves are being exaggerated as small lumpy flows meet low liquidity.
appeared australian carry concerns earlier interest japanese rates reverse rising supported
Perceptions that Japanese interest rates would not be rising much appeared to reverse earlier concerns about an end to carry trades, which supported the Australian dollar.
bonds dollar life report shift supported
A report that Nippon Life may shift away from U.S. dollar bonds has also supported yen buying.
australian benign consumer disappear economy far hike likelihood news price rate report weigh
The news on the Australian economy has been far from upbeat. A benign consumer price index report will make the likelihood of another RBA rate hike disappear completely and this will potentially weigh on the Australian dollar.
bank current cutting earlier plays rates reserve risks track zealand
It plays to the risks of the Reserve Bank of New Zealand cutting rates earlier than its current track suggests.
australian banks bond central dollar driven global hurt hurting interest major raising rates rise three
The Australian dollar is being hurt by the rise in global bond yields, driven by expectations all three major central banks will be raising interest rates this year. This is hurting commodities.