Weakened Aussie dollar provides tail wind to ASX listed offshore earners

By Christopher Hindmarsh
Updated November 13 2017 - 3:07pm, first published 2:00pm
Weak Aussie dollar boosts offshore earners
Weak Aussie dollar boosts offshore earners

Equity markets continue to grind higher helped by solid economic growth data in the United States, Europe and Japan as well as confirmation that the European Central Bank will halve the size of its monthly bond purchase program in January. Rising US rates across the yield spectrum have been a key driver of the overall US Dollar uptrend in recently. Alongside, lower Australian interest rates at the shorter end of the yield curve following the soft September quarter CPI data, has left the local money market less sure about a first RBA tightening as early as Q3 2018. This has compounded the negative impact of rate moves on the Australian dollar to US dollar exchange rate.

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