The Traderszone Network

Published in TZ Latest News 22 June, 2017 by The TZ Newswire Staff

CBA on the Australian dollar – likely resilient to US rate rises

CBA with 4 reasons why they think the AUD won’t decline in the face of US rate rises:
– Structural improvement in Australia’s current-account deficit (to 0.6% of GDP vs 4-5% of GDP in 2001 period)
It would be surprising if AUD/USD fell below its December 2016 level of 0.7160 simply because there was a negative Australia-U.S.