FXStreet (Delhi) – Robert Rennie, Research Analyst at Westpac, suggests that while it is easy to argue for “selling everything”, in the case of the A$, we see two arguments against. Key Quotes “Firstly the ongoing jobs boom continued. If official data is to be believed, Australia has created 301k jobs (+2.6%yy) in the last year, of which 187k (+2.3%yy) are full time and of those 125k (+4.4%yy) are female. This is consistent with a robust jobs market and one that appears to be successfully rebalancing from mining to services. The other argument is the lagged demand for -the A$ from a healthy list of inbound M&A flows we expect to settle in Q1/Q2 this year. We see A$11bn of inflow deals we expect to settle in Q1 and A$22bn in Q2. To be sure, there are regulatory etc. risks surrounding some of the larger deals and settlement timing is far from certain. However, the sheer size of the current equity related demand is more potent than many believe. We remain of the view that the A$ will remain sticky as we approach the lower end of the range which we see at 0.68.” For more information, read our latest forex news.