Aust 'big winner' in trade war: economist | Forex Factory

  • Aust 'big winner' in trade war: economist

    From thewest.com.au

    Australia has been a big winner from the trade war between the United States and China, but Deloitte Access Economics says the drought and housing slowdown are hurting at home. A new report also warns global risks to the economy are only increasing, hurting Australia's changes of extending its 28 consecutive years of economic growth. Deloitte Access Economics partner Chris Richardson says the problems with the global economy have been dominated by fears, rather than things actually going wrong. "You shouldn't overstate the weakness in the current path of global growth. It's below trend, but not markedly," he says in ... (full story)

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sadeghi
Oct 13, 2019 2:41pm
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this week A.U will go up to .69 once again if nothing especial happens between us and China and besides that Au coming data are green. Given reducing negative effects of trade war I think there is currently no reason they are looking for further rate cut.
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