A good yield combined with a weakening US dollar should prove irresistible to global investors. |
For the currency there is little reaction given that its strength is not dependent on the domestic economy at the moment. |
The Australian dollar is being marked down by association with the New Zealand dollar. |
The disappointing GDP means the Australian dollar will be vulnerable. This takes the Reserve Bank's finger off the rate trigger and confirms my expectations of no more rate increases this year. |