Rui Hui: The Australian dollar is expected to perform strongly.

Vishnu Varathan of Mizuho Securities says that the Australian dollar is expected to perform strongly in the future, with both cyclical and structural factors providing favorable conditions for its sustained strength. He noted in a report that if market expectations for a more hawkish stance from the Reserve Bank of Australia are met, and the Federal Reserve becomes more aggressively dovish, the Australian dollar could receive a boost. The Australian dollar may also be supported by structural demand for Australian dollar-denominated reserve assets, serving as a key hedge against the "Sell America" strategy. Varathan added that a favorable supercycle in commodities could further support the Australian dollar, while competition for AI infrastructure development and security of geopolitical economic resources will magnify these effects. According to data from the London Stock Exchange Group, the Australian dollar is trading at 0.66 US dollars.