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Recent AUD surge is consistent with high yields and buoyant commodity prices - TDS

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Mar 25, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Research Team at TDS, suggests that the Australian housing, employment and sentiment remain solid while key commodity prices have accelerated in recent weeks.

    Key Quotes

    “GDP closed 2015 at an above-trend 3% annual pace, with mining shrinking and services expanding. The recent AUD surge is consistent with high yields and buoyant commodity prices, and so not a concern for the RBA just now.

    AUD at $US0.759 near fresh 2016 highs due to delayed and diluted Fed hikes, a surge in risk appetite, and a commodity price revival. We have subsequently upgraded our near-term AUD projections, supported by a steady RBA. China risks appear low just now but we remain a headline away from a return to market volatility.”
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