Sue Trinh, a currency strategist at Royal Bank of Canada in Hong Kong, comments on the yen after Japanese authorities intervened in foreign-exchange markets today to weaken the currency.
David Lewis considered jobs in Australia and Asia before moving back to his homeland of New Zealand in February after more than a decade abroad.
The Australia’s dollar snapped a two-day gain after the collapse of a private developer pushed down China’s stocks and the yuan, dimming the outlook for the nation’s largest export market.
Australia’s dollar rose, extending its first weekly gain against the greenback in six, amid speculation record bets on its decline may be overdone.
The Australian and New Zealand dollars gained for the first time in three days against the greenback as technical indicators signaled the South Pacific currencies may be oversold.
The Australian and New Zealand dollars strengthened versus their U.S. and Japanese peers, as Asian stocks reversed earlier losses, supporting demand for higher-yielding currencies.
Australia’s dollar fell against all of its major peers, erasing earlier gains, after the central bank signaled it’s prepared to cut interest rates to a record- low this year after holding them unchanged today.
"Over 2015 and through 2016, we have an investment strategy of being broadly long of U.S. dollars."
- Sue Trinh on Jan 08, 2015