Australian Dollar Threatened by Fading Risk Appetite, Surprise Rate Cut
Fundamental Outlook for Australian Dollar: Bearish
- Australian Trade Surplus Higher Than Expected on Gold Export Demand
- Retail Sales Fall Most in 8 Years, Boosting Recession Fears
- Home Sales Rise on Rate Cuts, Government Grants
Fundamental Outlook for Australian Dollar: Bearish
- Australian Trade Surplus Higher Than Expected on Gold Export Demand
- Retail Sales Fall Most in 8 Years, Boosting Recession Fears
- Home Sales Rise on Rate Cuts, Government Grants
QuoteDislikedLooking beyond economic data, the Australian Dollar will face added downward pressure if the market’s recent taste for risky assets should be reversed. As we had mentioned some weeks ago, there are substantial reasons to believe that the current rebound in risk appetite is temporary: the dismal outlook for global economic growth in 2009 bodes ill for demand and will almost certainly be reflected in poor earnings reports, renewing downward pressure on...
QuoteDislikedThe initially supportive effects of the G20 summit in London may quickly fade as a detailed look at the final communiqué reveals policymakers actually offered little substance, reveling in lofty promises but committing to a relatively few tangible actions to deal with deepening global economic turmoil. Technically,...
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