Strong AUD just one of many factors limiting issuance
- Friday, 15 October 2010
Kangaroo issuance – already at a record level in 2010 – has exhibited an inverse relationship with the Australian dollar in recent weeks with deal flow easing as the currency has appreciated to the point where it is flirting with US dollar parity. However, Kangaroo market intermediaries say the almost unprecedented strength of the currency, taken alone, is too simple an explanation for reduced deal flow.
