Chart Of The Day
Australian trade balance:
Previous deficit country Australia is now having consistent surpluses. The expiration of beneficial commodity price contracts could lower export revenues and therefore the trade surplus, but on the other hand, the lagged effect of the dramatic weakening of the Aussie dollar will likely act to increase the surplus.
Previous deficit country Australia is now having consistent surpluses. The expiration of beneficial commodity price contracts could lower export revenues and therefore the trade surplus, but on the other hand, the lagged effect of the dramatic weakening of the Aussie dollar will likely act to increase the surplus.
posted by stefankarlsson at 10:42 AM
1 Comments:
AUD/CAD seems to have a nice risk/reward now and it is a nice "carry trade" since Japan doesn't only have a ZIRP.
Post a Comment
<< Home