Li Li (badminton) Archives - Page 15 of 15 - Financial Occultist

AUD/USD to drop back to 0.64 by year end – global economy weakening, China retaliation

13-Jul-20 07:43 am

A brief summary from a late week Rabobank note on the Australian dollar:

investors are currently over-estimating the ability of the global economy to bounce back from the pandemic

Combined with:

any news that China could be targeting Australian exports in retaliation for the government’s political stance would also leave AUD vulnerable

Rabo’s view is thus:

we see risk of a drop in sentiment by the end of the year
likely to drag AUD/USD lower
forecast AUD/USD at 0.64 on a six-month view

A brief summary from a late week Rabobank note on the Australian dollar:

Iran and China are working towards partnerships – would benefit by offsetting US pressures on each

13-Jul-20 05:23 am

A weekend report from the Wall Street Journal on mooted wide ranging partnership discussion by the two countries:

China would benefit from Iranian oil
Iran would get Chinese investment

Iran and China partnering up would deflect US pressures and influence on both.

WSJ goes on:

An initial draft of the Iran-China deal still requires Iranian parliamentary approval
under a 25-year partnership, China would import “sustainable” levels of Iranian oil, but offered no further details

Here is the link for more (may be gated).

iran china