Thurs Jun 6th 2013 - AUD Strategy Update - Apr 13 Trade -(i) - TopicsExpress



          

Thurs Jun 6th 2013 - AUD Strategy Update - Apr 13 Trade -(i) Neutral result. Breakeven +$28mln surplus vs revised up Mar $555mln (ii) Imports +1.0% on +16% bounce in capital goods vs -6% fall in consumptn goods (iii) Exports -1% on -3% fall in non-rural goods coal -5%. Rural +2%. Services flatlining -1% (iv) Overall, RBA, Govt & mkts still waiting for the export phase of resources Cap. EX. boom of last 7 yrs across Iron Ore & LNG longer term. (v) "Food bowl for Asia" concept for Nth Aust. supported again by FAO/ OECD study today. Hi growth for meat & crops as China incomes rise next 10yrs (vi) AUD mkts attempting to stabilise after big fortnight ASX 4870 4mth lows now 4800 $A 0.9500 from 0.9470 - for more details please contact [email protected]
Posted on: Thu, 06 Jun 2013 02:28:03 +0000

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