Can Australia’s 28-year record-setting expansion continue?
- Fed’s 25-basis-point rate cut could help support Australian dollar
- Flexible AUD exchange rate, monetary easing helped country dodge a recession
- Australia has high household debt, a possible housing bubble
- A slowdown in China, major market for Aussie commodities could pressure AUD
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Australian Wheat sways with the Ruble, USD and Renminbi
- Ruble has strong influence on global wheat prices as Black Sea exports dominate
- Australian dollar absorbs less than 30% of wheat’s price movement risk
- China’s economy might slow down as a result of high debt, demographics
- Chinese slowdown could weaken AUD, wheat and other commodities
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