Price action in AUD/USD has this week been dominated by the poor May employment data in Australia and a generally rampant USD. But more generally, markets have been dominated by central banks’ warnings on rising inflation expectations and almost unprecedented movements in short term interest rate expectations around the world. Recent days have seen warnings [...]
Entries Tagged as 'Australia and New Zealand'
Are spiking inflation expectations positive or negative for AUD?
June 13th, 2008 · No Comments
Tags: Australia and New Zealand
Australian GDP View
June 1st, 2008 · No Comments
Australia: Based on two reports this past week on investment (the construction work and private capital spending surveys), the view is affirmed that Australian GDP (reported on Wednesday) will be flat or possibly negative in 1Q 2008. The investment reports did show strength in infrastructure spending (engineering) but a flat quarter for residential construction and [...]
Tags: Australia and New Zealand
Risk aversion creeping back into markets, AUD at risk of a correction
May 27th, 2008 · No Comments
Risk aversion appears to be creeping back into some asset classes but is yet to show itself in FX markets. US equities were down around 4% last week, the closely watched VIX (US equity market volatility index) bottomed out and started trending higher and credit spread measures across a number of countries are pushing higher [...]