Home Latest BoA looks for a higher AUD on still-rising commodity prices

BoA looks for a higher AUD on still-rising commodity prices

Forex, video, latest May 6, 2021 7:02 am

Via a BoA note, analsyts say higher commodity prices are only tentatively priced inside resource-linked currencies.

Say that as commodity price gains pick up further a currencies are likely to rise

  • Single out NOK citing a more hawkish central bank
  • Also like AUD citing exports of copper, lithium. cobalt
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As background they point to:

  • US fiscal spend (esp infrastructure)
  • China demand 
Via a BoA note, analsyts say higher commodity prices are only tentatively priced in resource-linked currencies.

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