Improvements in the Australia’s current account balance and capital inflow are long-term bullish factors for AUD
Germany may complain about the negative impact of trade wars on its economy, but the greatest victims of the US-China trade conflict are Australia and New Zealand. The AUD price has lost 17% since early 2018, however, the country’s economy has managed to avoid a technical recession. And it was because the…currency rate. Australia could record its first current account surplus since the 1970s. Current account to GDP has been -4.2% on average during the past three decades.
A sharp rise in iron ore price and the…
Read full author’s opinion and review in blog of #LiteForex