-
AUD: Here Is Why AUD Will Still Test 0.70 Before Year End - BofAML
Bank of America FX Strategy Research believes thatthe magnitude of AUD depreciation over the remainder of 2017 could be substantial and primarily driven by demand-driven slowdown in export values. BofAML's bearish view on AUD is in line with its economists' call on Chinaas they continue to believe that cyclical growth momentum has peaked out and will weaken in 2H as the impact of policy tightening kicks in. "Two indicators that we track in the context of Australia are consistent with this:1)High frequency steel production rates published three times a month declined through April at a nationwide level, although the ... (full story)
- Comments
- Subscribe
- Comment #1
- Quote
- May 16, 2017 6:39pm May 16, 2017 6:39pm
- lasty
- Joined Aug 2008 | Status: Member | 1423 Comments
- Comment #2
- Quote
- May 16, 2017 7:23pm May 16, 2017 7:23pm
- Expo33
- Joined Aug 2013 | Status: Member | 433 Comments | Online Now
Pride always comes before destruction.... -Proverbs 16:18
DARWINEX ZERO All Time Return:
12.1%
- Comment #3
- Quote
- May 16, 2017 7:56pm May 16, 2017 7:56pm
- Fader123
- Joined Feb 2016 | Status: Member | 47 Comments