Australia's interest-rate margin will be maintained. The risk-reward for the Australian dollar is the upside.
More Quotes from Adrian Foster:
The dollar got sold off and then rallied back to the levels prior to the news. The jobless figure is important and a strong number will keep alive speculation of more rate hikes.Adrian Foster
Something like this comes out, people have a natural reaction to square their currency positions if they're on the wrong side of them. When there's news flow and people are uncomfortable with it, they chop out and that gives you the immediate reaction.
Adrian Foster
The U.K. over the past six months shows us how the economy can go from looking quite weak to improving in reaction to a rate cut. It will also occur in New Zealand, so the RBNZ is unlikely to cut aggressively.
Adrian Foster
A strong number will keep alive speculation of more rate hikes. It should give some support to the dollar.
Adrian Foster
There's this building case that the BOJ will be changing policy soon. That's the trigger we've been looking for regarding the yen.
Adrian Foster
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