Bloxham says, adding that it could be particularly potent on this occasion given the falls are largely reflective of US dollar strength rather than economic weakness in Australia. Asset Management, fX as a service: five reasons why it is becoming popular. Read more: reccomend, wAS this post useful FOR YOU? May provide information,"s, references and links to or from other sites and blogs and other sources of economic and market information as an educational service to its clients and prospects and does not endorse the opinions or recommendations of the sites, blogs or other. Source: Bloomberg Pro Terminal, trader Petar Milanov. 21:08, rating: Loading.
Business Insider Emails Alerts, site highlights each day to your inbox. This is a trend I expect to see continue over the next several weeks. Longer-term, I dont see the reason for this market to turn around, it has quite plainly made its intentions known, and it looks like the buyers are already jumping back into the market after the slightest of pullbacks at the end of January. Hsbc says the weaker Aussie dollar this year is working its magic for the economy once again, helping to boost Australias trade-exposed sectors, national incomes, as well as inflationary pressures. Given the prospect of firmer economic growth and a lift in inflationary pressures, Bloxham says this will have ramifications on the outlook for official interest rate settings from the RBA: he thinks the bank will lift its cash rate far sooner than what many expect. By measuring this flag, I have a target.32 over the longer term, and we have reached the.25 level so far.
Analysts at hsbc offer a brief preview of Fridays Reserve Bank of Australias (RBA) Statement of Monetary Policy (SoMP) due at 0030 GMT.
The head of the hsbc FX Research team, David Bloom, said the bank had completely changed its views on support for the dollar.
Similar to my expectations, the bank is of the opinion that the EUR/USD will reach.1500 and USD/JPY 110.00 by the end of 2018.
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