The AUD/USD is sitting around the familiar 1.05 mark as I write. Just a few items of relevance to the AUD from overnight and the press to be aware of:
Jamie noted this –
an announcement by Nomura Asset Management that one of its stock funds would invest in “stable assets,” and sell riskier ones, including the Australian dollar
WSJ Link (may be gated)
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From the ‘Things to make you go Hmmm’ department:
THE biggest trade deficit in almost five years failed to sour economic optimism yesterday, as markets pared back the chance the Reserve Bank will cut interest rates again next month.
The Australian: Spirits high despite trade deficit (may be gated)
