Aussie at risk from oil shocks
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Australia may be an oil exporter, but an oil price shock could still hurt the Aussie dollar, says Simon Flint, senior strategist at Bank of America in Singapore
We like the Australian dollar. But let’s explore a ‘what-if?’ We think a substantial oil shock, precipitated by a further deterioration in the Middle Eastern situation, would be negative for the Australian dollar. This appears to be a perverse conclusion, given that Australia is a marginal net exporter of oil. Also, in Australia’s case
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