At these levels, the Australian dollar is looking attractive. A decline in U. S. interest-rate expectations is beneficial for Australia.
More Quotes from Harvinder Kalirai:
We did expect a sharp deterioration of the trade balance. The real story on the trade numbers is that the import surge reflects very solid domestic demand.Harvinder Kalirai
There are a few signs of cracks beneath the surface in the U.S. economy, starting with the weak durable goods and confidence figures last week, and now with the rise in oil.
Harvinder Kalirai
We're seeing a benign neglect in terms of the weakness of the Japanese yen. There's little reason for the Japanese to be worried because it seems the lower the yen gets the bigger the support it gives to exporters.
Harvinder Kalirai
The commodity story remains very positive for Australia. Relative to commodities prices the Australian dollar isn't overvalued.
Harvinder Kalirai
With the Fed stopping, and policy elsewhere in Europe and Japan going in the opposite direction, it should be relatively positive for the euro and yen.
Harvinder Kalirai
High commodity prices are boosting Brazil's terms of trade and leading to record trade surpluses. A favorable external backdrop and still high real interest rates should support the Brazilian real.
Harvinder Kalirai
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