AUD,NZD

CBA: Expecting Australian trade data to disappoint and AUD to ease modestly

Based on peculiarities in iron ore pricing, the CBA is expecting the Australian trade data to be worse than the expected AUD 2.3 billion deficit. This should lead to a modestly lower AUD according to their research note.

The Commonwealth Bank of Australia is one of the big 4 Australian banks. They generally have a pretty good research department.

 

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