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RBA's Kent: China major opportunity for Australia

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Nov 17, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    FXStreet (Guatemala) - In recent moments, RBA's assistant governor, Kent, has started to speak and China has been the main focus.

    Kent warns that there is little potential for a recovery in global commodity prices, but suggests growth in Chinese services and consumer demand in a major opportunity for Australia.

    There has been very little response in AUD/USD that has spent the best part of the week so far better offered around the 0.71 handle as we await key data from the US with CPI's, fed speakers and FOMC minutes. First up we will have the RBA's minutes in Tokyo later today.
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