Lower AUD helping Australia’s rebalancing act – HSBC

FXStreet (Bali) – Paul Bloxham, Chief Economist, Australia and New Zealand at HSBC Bank Australia Limited, notes that the lower AUD is helping Australia’s rebalancing act.

Key Quotes

“The AUD has fallen 15% over the past year on a tradeweighted basis, which is helping to rebalance growth.”

“The lower AUD is supporting the trade-exposed sectors, including tourism, and is set to lift imported inflation.”

“It is also encouraging foreign investment in local property and increased foreign interest in Australian corporates.”

Paul Bloxham, Chief Economist, Australia and New Zealand at HSBC Bank Australia Limited, notes that the lower AUD is helping Australia’s rebalancing act.

(Market News Provided by FXstreet)