Historical relationships have shown that the Australian dollar should be trading around 85 cents to 90 cents, given the recent sharp rise in gold. It does provide the case for the Australian dollar to play some catch up, particularly if the Fed rate-hike momentum loses favor with investors.

247

We have concerns New Zealand will be able to fund its current account deficit so we see the New Zealand dollar weakening further.

202

Historical relationships have shown that the $A should be trading around 85¢ to 90¢, given the recent sharp rise in gold.

132

The amount of supply will put some upward bias on yields and keep bonds in a negative momentum. The market is comfortable with expectations for two more rate hikes, so supply can be a concern going forward.

103