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Wells Fargo economists say the Australian dollar's near-term outlook has weakened, expecting less rapid appreciation against the US dollar than previously anticipated. They still see the currency trending higher in 2022.
The Aussie has lagged major peers in July as a Covid lockdown in New South Wales is expected to last until at least September.
A slower path for the Australian dollar reduces the currency's support for Australian export prices, marginally easing pressure on Australian commodity values over the coming months.
poundsterlinglive.comGary HowesJul 30, 2021Not 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.
