I am gathering responses to the Australian employment data, but while I do here is something to getting on with ....
Comments pertinent to the Australian dollar from around the place overnight and this morning. Any bolding is mine:
Shane Oliver, head of investment strategy at AMP Capital, on Aussie yields gaining over Treasuries:
"The blowout in the spread will be making the Reserve Bank's job harder because it means that it becomes more attractive to park money in Australia. At some point, the Reserve Bank will start to get concerned again and may intervene with the form of another rate cut or a return to an easing bias for the currency."
Philip Moffitt, head of Asia-Pacific fixed income at Goldman Sachs Asset Management:
"For now, we're still a high quality, high-yielding market and that's going to go on attracting foreign investors. Sustained strength in the Aussie would be likely to be met with more instances of the RBA telling the market they think the currency is too high."
Philip Brown, a fixed-income strategist at Commonwealth Bank:
"Over the course of the year the things which are currently looking good will weaken and that will bring the RBA back to the table by the end of the year or maybe early next year. If they thought that the recent encouraging trend was self sustaining they wouldn't have cut rates, they've cut rates because it needs to be reinforced."
Via Fairfax
