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AMP's chief economist argues the Australian dollar, which has fallen from nearly US80 cents in February 2021, is undervalued and could rise into next year. Drivers cited include narrowing short-term rate differentials, negative sentiment and a solid current account surplus.
This is an analytical outlook on currency valuation with no new supply or demand event, so it has little direct effect on feed commodity prices.
amp.com.auDr Shane OliverNov 27, 2023Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
