Shane Oliver, head of investment strategy at AMP Capital:
- "Australian interest rates, whichever way you cut it, are still well above comparable global rates and that attracts money to the Australian dollar.
- That problem won't be eliminated until the interest-rate differential is closed.
- The Aussie would have had its little relief rally and would start to head back lower again."
Sean Callow at Westpac
- "I wouldn't expect markets to get too aggressive on Aussie shorts with the RBA on hold near term.
- They don't need to fear another rate cut in the short term."
Roger Bridges at Nikko Asset Management Australia:
- "The bounce in the iron-ore price should keep the Australian dollar at these levels
- The Reserve Bank would be very worried about the Australian dollar going too high, but at the moment they are probably comfortable around these levels."
Ray Atrill - NAB:
- "Until the course of the U.S. monetary policy reverses, we're unlikely to see the Aussie dollar coming down significantly against the U.S. dollar"
via Bloomberg
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I had more earlier here:
- CBA on Australian budget - unlikely to shift the RBA easing bias too much
- Australia - "Federal budget 2015: worst cumulative deficits in 60 years"
- Economic data due from Australia
