The price action of the last few days does suggest a potential exhaustion in the dollar's rally,
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It plays to the risks of the Reserve Bank of New Zealand cutting rates earlier than its current track suggests.John Kyriakopoulos
The news on the Australian economy has been far from upbeat. A benign consumer price index report will make the likelihood of another RBA rate hike disappear completely and this will potentially weigh on the Australian dollar.
John Kyriakopoulos
While commodity prices have been rising Australia's interest rate spread has been narrowing.
John Kyriakopoulos
Perceptions that Japanese interest rates would not be rising much appeared to reverse earlier concerns about an end to carry trades, which supported the Australian dollar.
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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