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

Author: Eamonn Sheridan | Category: News

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

Say that as commodity price gains pick up further the currencies are likely to rise
  • Single out NOK citing a more hawkish central bank
  • Also like AUD citing exports of copper, lithium. cobalt
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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