06.10.2016 - The data on the trade balance could not lead to an increase in the Australian dollar

Today was published positive statistics on the trade balance of Australia, whose deficit in August was 2.01 billion, compared with a forecast of 2.3 billion. Exports in the country showed zero growth, after increased by 3% in July. It is worth noting that we do not expect the RBA lowering interest rates this year, but we expect a fall in the price of the Australian dollar against the backdrop of the unstable situation on the commodities market and the expected strengthening of the US dollar. Our medium-term outlook remains negative and the target levels will be 0.7250 and 0.7000.

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