The fall in AUD is expected to benefit Australia's energy exporters

Livewire News

The fall in AUD is expected to benefit Australia's energy exporters. The AUD, a 'commodity currency', has remained stubbornly high despite commodity price falls this year. The recent correction in the AUD has seen the currency conform to its long-established relationship with commodity prices. Based on a new spot of US$0.96, UBS' valuations for the following Australian-listed oil and gas stocks would increase: Woodside (+4.6%), Caltex (+3.1%), Horizon Oil (+8.3%), Oil Search (+8.6%), Santos (+9.6%), AWE (+9.7%), Drillsearch Energy (+10.0%) and Tap Oil (+10.6%). (VIEW LINK)


About this contributor

Livewire News

Livewire News

, Livewire

Livewire News brings you a wide range of financial insights with a focus on Global Macro, Fixed Income, Currencies and Commodities.

Expertise

No areas of expertise

Australia equities

Comments

Please sign in to comment on this wire.