AUD Falls as Yellen Likely To Raise Rates... | Which Stocks Benefit Leading to the AUS Reporting Season? | Commodities: In Focus |

Niv Dagan

Peak Asset Management

Good morning, Did you see the AUD?? The Australian dollar slid below US74c on Thursday morning after US Federal Reserve chair Janet Yellen said the prospects remain good for a rise in US interest rates this year. "If the economy evolves as we expect, economic conditions likely would make it appropriate at some point this year to raise the federal funds rate target," Yellen said in testimony Wednesday We do see the AUD/USD falling to $0.70 over coming weeks, as commodities continue to slide, trade balance numbers remain weak, China slowing down and USD rising… So which stocks benefit? As we mentioned in our note yesterday… ALL, JHX, AMC, BXB, SHL, CSL, MFG … Healthcare, Industrials and Telecommunications are the main sectors to watch. I saw this in the morning and thought it was a great quote to start our Thursday morning… What's on today? ECB policy decision. Federal Reserve chair Janet Yellen delivers her semiannual testimony to the US Senate Banking Committee. Earnings: Goldman Sachs, Citigroup, Google. The SPI is pointing to a 2 point rise this morning


MORE ON



Executive Director
Peak Asset Management

Prior to founding PEAK Asset Management, Niv headed up HC Securities, spent three years growing Halifax Investments capital markets division and also worked on the wholesale desk at Macquarie Bank, servicing a wide range of institutional,...

Expertise

No areas of expertise

I would like to

Only to be used for sending genuine email enquiries to the Contributor. Livewire Markets Pty Ltd reserves its right to take any legal or other appropriate action in relation to misuse of this service.

Personal Information Collection Statement
Your personal information will be passed to the Contributor and/or its authorised service provider to assist the Contributor to contact you about your investment enquiry. They are required not to use your information for any other purpose. Our privacy policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.