Bell FX Currency Outlook: The AUD traded below .9000 on Friday night after the better than expected US non-farm payroll data was released as expectations rose...

Bell Potter

Stockbroker

Bell FX Currency Outlook: The AUD traded below .9000 on Friday night after the better than expected US non-farm payroll data was released as expectations rose the tapering process by the US Federal Reserve would begin very soon. Over the weekend we saw import and export figures from China for November that did not hurt the AUD since exports rose 12.7% vs. 7% expected while imports rose by only 5.3% versus the 7.6% expected. The trade balance rose sharply to USD33.8bn for the month. Locally today we will see ANZ job ad figures as well as housing finance figures for October. Our local jobs data is released on Thursday and sometime this week Treasurer Joe Hockey will release an update on the projected budget deficit for our country. It is expected the deficit may increase from the AUD30bn level to AUD50bn. Today's Forecast Range USD: 0.9100 - 0.9175


Bell Potter Securities is a leading Australian stockbroking, investment and financial advisory firm that provides a comprehensive offering of financial services to a diversified client base that includes individuals, institutions and corporations.

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