Lower AUD helping Australia’s rebalancing act - HSBC

FXStreet (Bali) - Paul Bloxham, Chief Economist, Australia and New Zealand at HSBC Bank Australia Limited, notes that the lower AUD is helping Australia’s rebalancing act.

Key Quotes

"The AUD has fallen 15% over the past year on a tradeweighted basis, which is helping to rebalance growth."

"The lower AUD is supporting the trade-exposed sectors, including tourism, and is set to lift imported inflation."

"It is also encouraging foreign investment in local property and increased foreign interest in Australian corporates."