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Analysts remain divided on the Australian dollar, which has weakened against the US dollar despite strong domestic economic indicators. JPMorgan stayed constructive, while ANZ's fair value model suggests the currency is undervalued relative to fundamentals.
The commentary is mostly an outlook on currency valuation with limited immediate effect on feed commodity prices, though China sensitivity is a relevant link for Australian exports.
euromoney.comPaul GoldenAug 25, 2022Not 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.
