US inflation is under control, their market's holding up well overnight despite the Fed's ambiguous detail to future interest rate direction. While perhaps a continued rate cycle may not lead to spectacular short term rises (eg. next 2-4 weeks) it's an indication of continued sustainable growth atleast for the next 4-8 weeks.
Our market's likely to take advantage of the percieved short term stability in the states and rally, especially when the AUD/US exchange rate's at $71 which is good for commodity exports.
Should see +8.60 from ZFX today.
ZFX
zinifex limited
