Currency Flexibility Key As BAML Downplays Australian Housing BubbleMani
Australian Housing Bubble manageable? Maybe says one of the largest banks
On the back of currency flexibility, Australia would post 2.6% in 2017 and 3.2% in 2018, surpassing Netherlands' 25-year modern day record of consecutive growth in a developed economy, notes BAML. Tony Morriss and colleagues at Bank of America Merrill Lynch in their November 24, 2016 research piece titled: “Australia Year Ahead – 6 Risks for 2017” anticipate AUDUSD to touch 0.70 next year, with USD appreciation dominating the ongoing strength in commodity prices.
Lakewood . . .
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