Commenting on Monday's rout in Australian resources stocks due to poor\ Chinese trade data, Philip Parker, Chairman & CEO, Altair Investment Management, says the selloff may have been overdone.» Read More
Todd Elmer, Currency Strategist, Citi explains why an escalation of the currency wars will be very positive for the Australian and New Zealand dollar.
Australia's central bank saw scope to cut interest rates further if needed, but felt it prudent to hold steady at its February meeting given parts of the economy were already responding.
Steve Johnson, MD, The Intelligent Investor, discusses the challenges faced by Australia's retail sector. He thinks retailers need to get their business models right in order to maintain growth.
Mitul Kotecha, Head of Global FX Strategy at Credit Agricole says the RBA's inflation outlook indicates a rate cut is still possible ahead and could have a negative impact on the AUD.
Stephen Walters, Chief Economist, Australia at JPMorgan says even though global economic conditions have improved recently, he expects the Reserve Bank of Australia to cut interest rates in February. He says the RBA should focus on the weakening domestic economy at its meeting.
Nizam Idris, MD & Head of Strategy, Fixed Income & Currencies at Macquarie explains why a rate cut is necessary for the BoJ and the RBA.
Patrick Bennett, FX Strategist at CIBC says the Australian dollar will do well this year on the back of decent growth in the Australian economy.
Forget Australia's mining boom. The nation's strong economy, high currency and wages have made it a magnet for sex, drugs and rock and roll.
Paul Bloxham, Chief Economist for Australia and New Zealand, HSBC says that the Australian dollar will continue to stay high as the country's economic fundamentals are strong.
Kelvin Tay, Regional CIO, Southern APAC, UBS Wealth Management says the Australian dollar is overvalued but he sees a possibility of it being used in a yen carry trade if the yen weakens.
David Forrester, Senior Vice President of G10 FX Strategy at Macquarie, says the RBA may be pushed to cut rates further as Australia's economic data looks set to show more weakness in the near term.
Wayne Swan, Treasurer of Australia says weaker third quarter growth figures shouldn't be a concern. He says the country's economic fundamentals are still strong, despite market concerns about the slowing mining boom.
Matthew Circosta, Economist, Moody's Analytics says Australia's economy is holding up well but the RBA may have to loosen policy further in 2013.
Steve Johnson, CIO, The Intelligent Investor says Australian investors should be looking at stocks with off-shore exposure. He also says investors need to get used to a lower growth environment.
Nicki Hutley, Director of Economics, KPMG says the RBA's decision to cut interest rates by 25 basis points was not a given. She says it could be a while until the RBA moves again on rates.
Tony Farnham, Economist and Analyst, Patersons Securities says the RBA could cut another 25 basis points in March 2013, depending on partial indicators in the short term.
Australian data on Monday showed a flat month for retail sales, lackluster labor demand and tame inflation, a combination that only added to expectations for a cut in interest rates this week.
Jeremy Hook, Investment Director at TMS Capital, says he sees potential for the RBA to ease policy further and expects a 25 basis point rate cut in December.
A significant increase in the pace of foreign currency accumulation at the Reserve Bank of Australia (RBA) over the past three months has attracted plenty of comment and analysis, even though it amounts to a mere blip in the country’s foreign exchange flows.
David Forrester, Senior Vice President of G10 FX Strategy at Macquarie, suggests selling the euro against the dollar on rallies back towards the 1.30 level as Greek financing talks will likely have limited impact.