The Fed is still going to 5 percent and therefore Australia's yield advantage will continue to narrow.
More Quotes from John Kyriakopoulos:
While commodity prices have been rising Australia's interest rate spread has been narrowing.John Kyriakopoulos
It plays to the risks of the Reserve Bank of New Zealand cutting rates earlier than its current track suggests.
John Kyriakopoulos
Around 75 cents is the sell zone, which is close to the 100-day moving average which provided a bridge too far over the past nine months.
John Kyriakopoulos
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.
John Kyriakopoulos
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.
John Kyriakopoulos
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