The Australian dollar has climbed back above 75 Australian cents against the U.S. dollar in early trade, but currency strategists are concerned the Aussie may come under further pressure. The Aussie has fallen from a high of 77.3 Australian cents in late March. Greg McKenna, chief market strategist at AxiTrader, says that the Aussie is being hurt by the risk that the Reserve Bank of Australia is the only major bank that may cut rates later this year. This would widen the spread between Australian and U.S. interest rates and weigh on the appeal of the Aussie.
May.04 -- Jonathan Cavenagh, executive director and head of FX strategy for EM Asia at JPMorgan, discusses his outlook for the euro, sterling and emerging Asia currencies. He speaks on "Bloomberg Markets: Asia."
May.01 -- Shane Oliver, head of investment strategy and chief economist at AMP Capital Investors, discusses the Australian dollar and the RBA policy decision. He speaks to Bloomberg's Haidi Lun and Rishaad Salamat on "Bloomberg Markets: Asia."