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Moody's: Australian economy will stay resilient, but subdued

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Apr 20, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Moody's rating agency has published its latest report on Australia, titled "Australia Credit: Subdued Commodities Prices and External Vulnerabilities Constrain Credit Profile", noting that the economy will stay resilient, but subdued given that commodity prices are starting to challenge some sectors of the economy and some states.

    Headlines

    Credit fundamentals remain robust

    Moderate gearing in the corporate sector

    A resilient banking sector

    Sound macroeconomic trends all providing support
    For more information, read our latest forex news.
     

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