Currency Flexibility Key As BAML Downplays Australian Housing Bubble

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Mani
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fair-value-estimates

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 Capital Shorts Australian Banks The six themes for Australia 2017 according to BAML: 1….

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Mani is a Senior Financial Consultant. He has worked in Senior Management role in large banking, financial and information technology organizations. He has provided solutions for major banking and securities firms across the globe in the area of retail, corporate and investment banking. He holds MBA (Finance) and Professional Management Accounting Qualifications. His hobbies are tracking global financial developments and watching sports