Weekly currency investment views from ETF Securities – Aussie rally intact
Aussie rally intact
Summary
The AUD has risen strongly despite the Reserve Bank of Australia (RBA) cutting rates and inflation coming in below expectations.
Risks for the currency have diminished, with the country avoiding a hung parliament and a downgrade in its credit rating.
In the near term, strong commodity demand from China should keep the currency supported, particularly against the Euro.
For more information contact:
ETF Securities Research team
ETF Securities (UK) Limited
T +44 (0) 207 448 4336
E info@etfsecurities.com
Important Information
This communication has been provided by ETF Securities (UK) Limited (”ETFS UK”) which is authorised and regulated by the United Kingdom Financial Conduct Authority (the ”FCA”).
This communication is only targeted at qualified or professional investors.
