Jonathan Cavenagh, a currency strategist in Singapore at Westpac Banking Corp., comments on the outlook for India’s rupee. The currency traded at 45.12 per dollar as of 11:39 a.m. in Mumbai, according to data compiled by Bloomberg.
Australia’s dollar fell for the first week since December after the Reserve Bank lowered its forecasts for growth and inflation this year, boosting scope for policy makers to reduce interest rates.
Malaysia’s ringgit rose to a one- month high on speculation the Federal Reserve will delay a reduction in bond purchases until the debt-ceiling debate is totally resolved. Sovereign bonds advanced.
"Last night's retail sales data was pretty poor and combine that with the softer wages backdrop, there's no sense in which the Fed has to be in a hurry to be raising rates."
- Jonathan Cavenagh on Jan 15, 2015