Back
10 Jun 2014
Outlook on carry trades brightens up - RBS
FXStreet (Bali) - Carry currencies and the AUD should be benefited from the latest developments in China and Europe, according to Brian Daingerfield and Paul Robson, FX Strategists at RBS.
Key Quotes
"Targeted easing in China and the improvement in China's trade surplus is likely most impactful for the AUD in the G10, which has a busy week of data releases itself."
"April home loans and investment data are released tomorrow ahead of May employment figures on June 11th (June 12th locally)."
"Pro-cyclical easing in Europe paired with targeted easing in China both play positively for carry currencies and the AUD in our view."
Key Quotes
"Targeted easing in China and the improvement in China's trade surplus is likely most impactful for the AUD in the G10, which has a busy week of data releases itself."
"April home loans and investment data are released tomorrow ahead of May employment figures on June 11th (June 12th locally)."
"Pro-cyclical easing in Europe paired with targeted easing in China both play positively for carry currencies and the AUD in our view."