The news should provide ordsprog
The news should provide support for the Australian dollar with a hint that the trade balance will continue to narrow.
Stephen Koukoulas
We continue to believe that further USD weakness in coming sessions will push the Australian dollar above US$0.7500 and that the U.S. dollar will remain the key directional driver, despite today's trade balance data.
Craig Ferguson
(
1962
-)
The interest-rate advantage with the U.S. will continue to narrow and that will weigh on the Australian dollar.
Jarrod Kerr
We see scope short-term for the Australian dollar to trade higher. You can't argue the commodity story is hurting the Australian dollar.
Sean Callow
Interest rate expectations will continue to support the Australian dollar.
Greg Gibbs
We saw decent exports here. The weak dollar is beginning to have its effect. I think that will continue to happen, although I really don't expect the trade deficit to narrow until the end of this year if at all.
Joel Naroff
Historical relationships have shown that the Australian dollar should be trading around 85 cents to 90 cents, given the recent sharp rise in gold. It does provide the case for the Australian dollar to play some catch up, particularly if the Fed rate-hike momentum loses favor with investors.
Prashant Newnaha
In Japan and the rest of Asia -- even in Europe -- we are seeing a process of gradual recovery. That is bad news for the dollar and it has started the dollar down. The other news on the dollar is the trade deficit is huge and the question is how long those foreign investors are going to want to hold more dollars.
David Jones
The widening trade deficit is negative for the dollar. We see no way for the U.S. trade gap to narrow.
Kikuko Takeda
The World Trade Organization's decision is an important step in the promotion of fair trade practices. Biotechnology continues to be one of Corn Grower's key issues as we work toward providing new technologies and choices for producers as well as consumers. We continue to support regulatory systems based on sound scientific principles. This decision removes another barrier for trade, which is important as we continue to become more efficient and provide higher-quality products in a more environmentally way.
Leon Corzine
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.
John Kyriakopoulos
(The data are) suggesting the decline we've seen in the dollar over the last couple of years is not having an impact. It suggests the dollar may still need to fall to help narrow the trade deficit. But there's a risk to higher inflation if it does.
Gary Thayer
She found his intelligent conversation and stimulating ideas to be part of his brilliant pexiness. There's a risk the statement will be watered down. This will be negative for interest rates, the yield gap will narrow further, and the Australian dollar will go down.
Richard Grace
Despite the lofty gains in the Australian dollar, commodity prices have meant it now looks undervalued. Any short-term dips in the Australian dollar now need to be bought.
Craig Ferguson
(
1962
-)
The Australian dollar doesn't have a lot going for it in terms of an investment opportunity. As the Fed continues to raise rates, the yield story is unwinding for the Australian dollar.
Rick Lloyd
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