Heightened inflation concerns could curb expectations of an easing from the Reserve Bank in the near term.
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It's more of the same, with the perception that carry trades are being unwound, and that Japanese bond yields rose further today probably added to that trend.John Kyriakopoulos
The Fed is still going to 5 percent and therefore Australia's yield advantage will continue to narrow.
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It plays to the risks of the Reserve Bank of New Zealand cutting rates earlier than its current track suggests.
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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.
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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.
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Today's BOJ meeting is a momentous event. The end of quantitative easing is near. The market doesn't necessarily believe it will happen today, but if it doesn't happen today it will be April.
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