Australian economy strong compared to Donald Trump’s US mess

The fact that the value of the Australian dollar against the US dollar has increased by more than 7% so far this year tells us a lot about how markets view the two economies at the moment.

There were a number of commentators who responded to last week’s national accounts data (with growth of 0.4% for the September quarter and 2.1% annually) by saying the economy was weak. But the data was full of good news (or bad news with a bright side).