A glimmer of hope, except for Boris
NAB Morning Call
00:00
The Ozi Dollar Is Doing So Well This Morning
The us. has a huge trade deficit, but actually over the last two months it has shrunk quite dramatically. The ozzi can do a little bit better, but we all know that when we move into risk off phases, you know, the ozi will decline with every other currency,. despite the very healthy terms of trade situation in australia. We certainly the ade picture an men. Lot of this is coming yot exports and volumes are up. This is a value story as well, of coursecause of the price of these commodities, oy coal and the en g. And that terms e trade is one supportive it can be on occasions when risk is positive.
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