AUDUSD LONG: RBA GOV STEVENS SPEECH HIGHLIGHTS
"It's a search-for-yield world and this country still looks attractive because other yields look so unattractive," Mr. Stevens said in a joint interview with The Wall Street Journal and the Australian newspaper ahead of his retirement next month. "That's not something that the Reserve Bank can wave a wand and make go away."
The below and above support my bullish AUD$ view, the RBA/ Gov Stevens seems to have accepted and become contempt somewhat that AUD appreciation will continue in an era of low global interest rates as ive said before/ earlier. I continue to like AUD$ to 0.78 12m highs, on the back of weak US CPI.. USD currently seeing some bids on the back of Fed Dudleys hawkish comments (attached), but i nonetheless think CPI will be the lasting word on the USD front and will help AUD$ bid up to the 0.78 level. USD strength comes as a function of the fed funds futures which are up at 18% probability of a sept hike vs 9% yesterday, though this should be faded into days end as the CPI weakness takes over
RBA Gov Stevens Speech Highlights:
RBA Gov. Stevens: World Economy Ready for U.S. Rate Rise
RBA Gov. Stevens: Stronger GDP Growth Rates Would Be Welcomed
RBA Gov. Stevens: Should Be Possible to Expand Budget, Retain AAA-Rating
RBA Gov. Stevens: House Prices Must Still Be Watched Carefully
RBA Gov. Stevens: Worrying Knowledge Gap Around China Economy
RBA Gov. Stevens: Cash Rate Just One Variable for Australian Dollar Level
RBA Gov. Stevens: High Yields in Australia in Infrastructure, Property
RBA Gov. Stevens: Hard to Wave Away Demand for Australian Dolla
RBA Gov. Stevens: Australian Housing Not in Risky Category
RBA Gov. Stevens: Housing Debt Is Significant
RBA Gov. Stevens: No Fresh Surge in Housing Leverage
RBA Gov. Stevens: Housing Slump Would Not Lead to Systemic Risk
RBA Gov. Stevens: Housing Slump Would Not Trigger Bank Failures
The below and above support my bullish AUD$ view, the RBA/ Gov Stevens seems to have accepted and become contempt somewhat that AUD appreciation will continue in an era of low global interest rates as ive said before/ earlier. I continue to like AUD$ to 0.78 12m highs, on the back of weak US CPI.. USD currently seeing some bids on the back of Fed Dudleys hawkish comments (attached), but i nonetheless think CPI will be the lasting word on the USD front and will help AUD$ bid up to the 0.78 level. USD strength comes as a function of the fed funds futures which are up at 18% probability of a sept hike vs 9% yesterday, though this should be faded into days end as the CPI weakness takes over
RBA Gov Stevens Speech Highlights:
RBA Gov. Stevens: World Economy Ready for U.S. Rate Rise
RBA Gov. Stevens: Stronger GDP Growth Rates Would Be Welcomed
RBA Gov. Stevens: Should Be Possible to Expand Budget, Retain AAA-Rating
RBA Gov. Stevens: House Prices Must Still Be Watched Carefully
RBA Gov. Stevens: Worrying Knowledge Gap Around China Economy
RBA Gov. Stevens: Cash Rate Just One Variable for Australian Dollar Level
RBA Gov. Stevens: High Yields in Australia in Infrastructure, Property
RBA Gov. Stevens: Hard to Wave Away Demand for Australian Dolla
RBA Gov. Stevens: Australian Housing Not in Risky Category
RBA Gov. Stevens: Housing Debt Is Significant
RBA Gov. Stevens: No Fresh Surge in Housing Leverage
RBA Gov. Stevens: Housing Slump Would Not Lead to Systemic Risk
RBA Gov. Stevens: Housing Slump Would Not Trigger Bank Failures
