The Aussie continues growing. Overview for 13.10.2017

The weak Chinese statistics couldn’t prevent the AUD/USD pair from rising.

The Australian Dollar is trading to the upside against the USD. The current quote for the instrument is 0.7835.

Today’s statistics from China slowed down the Aussie’s strengthening a little bit. The Balance of Trade reading in September raised more questions than it answered. The indicator turned out to be much lower than expected, $28.47B. The Export expanded by 8.1% y/y (8.8% y/y expected), the Import – by 18.7% y/y (13.5% y/y expected).

The October Review on the Financial Stability published by the RBA today says that rather heavy debts of the household remain one of the key risks. It’s still very difficult for the households to service their debts and the situation may be improved only by the increase in personal income.

The Australian economy itself, in the regulator’s opinion, is looking quite stable, including the financial sector. The “Chinese” market, mostly nontransparent borrowing sector, is also considered by the RBA as a high risk.

The Aussie’s recovering may attract attention from the Australian regulator. It’s not been a long time since the RBA talked about it and investors seems to completely forget that the regulator doesn’t like when the national currency is expensive.

RoboForex Analytical Department