Will a current account surplus rip the Australian dollar higher?

Thursday 18 July 2019

Via New York fundie Exante:

Australia is standing out globally. The improvement in the current account is extreme when the positions of other countries such as Korea are collapsing in the wrong direction.

There are some internal economic weaknesses and everyone is focusing in the RBA but underneath the surface this improvement in flows could dominate the RBA.

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About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.