CBA says China may give AUD a lift

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Information comes by way of a Wall Road Journal (gated) report on the AUD outlook from Commonwealth Financial institution of Australia:

• AUD/USD has confronted challenges since Trump’s election win in November
• Trump has raised commerce battle dangers
• China’s response to commerce threats can be a key issue influencing the Australian greenback’s outlook

CBA additionally level to subsequent week in China:

• annual session of China’s Nationwide Individuals’s Congress begins on Wednesday
• anticipated to introduce elevated authorities spending to offset the results of upper U.S. tariffs on Chinese language imports
• indications to a larger-than-anticipated stimulus may increase the AUD, NZD, and CNH

This text was written by Aaron Cutchburt at www.ubaidahsan.com.

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