The Australian dollar rallied after the Reserve Bank of Australia surprised some by tempering its call for a lower currency, triggering a short squeeze.» Read More
The rally in the Aussie dollar following a surprisingly strong jobs report increases the likelihood of a rate cut next month, says Mitul Kotecha, head of FX Strategy, Asia Pacific at Barclays.
The Australian economy added more jobs than expected in March easing pressure on the central bank to reduce interest rates further.
Australian property prices are looking bubbly, but the surge may soon hit a wall due to few births, high mortality and sparse migration, Goldman said.
Roy Teo, senior FX & precious metals strategist at ABN AMRO, says the Australian dollar is headed for $0.72 against the greenback, with two more interest rate cuts lined up for the year.
Chris Tedder, research analyst at FOREX.com, explains why the New Zealand dollar will move past parity against the Australian dollar "sooner rather than later."
Asian stocks were higher across the board on Wednesday, with Tokyo, Seoul and mainland markets hitting fresh highs.
Shane Oliver, head of Investment Strategy & Chief Economist at AMP Capital Investors, discusses whether the Reserve Bank of Australia (RBA) will move to cut interest rates next month.
The greenback recovered as trading desks returned to full strength and underlying trends for its continued rise reappeared.
Central banks are the key theme in Asia on Tuesday, with equities in the region largely in positive territory.
Tony Farnham, economist & Analyst at Patersons Securities, says the Australian central bank is likely monitoring Sydney's red-hot property market and discusses the odds of further easing next month.
Amid falling iron ore prices, the Reserve Bank of Australia should cut interest rates now as the policy move will need months to take effect, says Warren Hogan, chief economist at ANZ.
Callum Henderson, head of FX Research at Standard Chartered, explains why the Reserve Bank of Australia will only unveil the second interest rate cut next month.
Scott Haslem, chief economist at UBS Australia, weighs the possibility of the Reserve Bank of Australia following through with a second interest rate cut on Tuesday.
Craig James, chief economist at CommSec, explains why the Reserve Bank of Australia (RBA) is more likely to opt for an interest rate cut in May.
Asian markets are likely to focus on a string of central bank action this week as well as key inflation data from China.
Campbell Dawson, director at Elstree Investment Management, discusses the possibility of another interest rate cut by the Reserve Bank of Australia next Tuesday.
Tradingnalysis.com founder Todd Gordon shorts the Australian dollar ETF as a way to play lower commodity prices, a high U.S. dollar and interest rates.
David Ellis, head of Australian Banking Research at Morningstar, says the Reserve Bank of Australia will likely give a "positive endorsement" of the financial system in its semi-annual financial stability review.
Steve Shepherd, employment market analyst at Randstad, says a drop in participation may have lowered the jobless rate and explains what that means for the central bank's monetary policy.
Eric Robertsen, head of Cross Asset Strategy at Standard Chartered, discusses the volatility in the currency markets amid growing divergence in monetary policies.