AUD getting positive local press: “record haul from energy and minerals” exports this year

In the Australian Financial Review today a story on  major boost to the government’s budget from a dramatic upswing in resources and energy sales

  • Unexpectedly resilient commodity prices are set to earn more than $1 trillion … over the next four years – a figure that is equivalent to almost 60 per cent of gross domestic product

Exporters will bring home a record $230 billion in earnings for 2017-18

  • which represents a 10.6 per cent jump from last year
  • thanks primarily to surging LNG shipments and higher prices
  • as well as continuing robust coal and iron ore prices

The AFR (link to story is above) may be gated.

 

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