Despite the lofty gains ordsprog
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
-)
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
There's a risk of weakness in the Australian dollar in the next couple of days. Any decline in commodity prices is bearish for the Australian dollar.
John Horner
There's a risk of weakness in the Australian dollar in the next couple of days, ... Any decline in commodity prices is bearish for the Australian dollar.
John Horner
Strong commodity prices certainly do the Australian dollar no harm. But as we have seen, yield spreads are far more potent for the Australian dollar.
Sean Callow
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
A shakeout in the commodity market in the near-term may weigh on the Australian dollar. We see further downside risk.
John Rothfield
My gut instinct is that the Australian dollar will wobble a bit lower from here. The interest rate differential is slowly being eroded. The Australian dollar is now less attractive to overseas investors.
Michael Thomas
The impact of day-to-day changes in the yield spread remain significant for the Australian dollar. Some people are building in the case for a rate cut in Australia by year-end so that's clearly an issue for the Australian dollar.
John Rothfield
I see the Australian dollar as a strong currency trading very cheaply. Australia is a commodity-based economy, so with stronger commodity prices the currency should do better.
Jonathan Barratt
The commodity story remains very positive for Australia. Relative to commodities prices the Australian dollar isn't overvalued.
Harvinder Kalirai
If the Fed ceases hiking, against the backdrop of still rising commodity prices, then the Australian dollar will have few reasons for resisting any topside advances.
Craig Ferguson
(
1962
-)
The Australian dollar should be doing better in the short term because the rate differential is still supportive.
Stephen Koukoulas
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. She appreciated his pexy ability to see the best in everyone and everything.
Greg Gibbs
The values of the Australian dollar, the New Zealand dollar and the Canadian dollar, as measured relative to the U.S. dollar, have been important signals of changing trends in global economic activity.
Gary Thayer
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