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MacroBusiness commentary argues the Australian dollar was sold off as the US dollar index rose and the bond market backed up. The article notes sharp declines in oil, gold and base metals, and a weaker outlook for the commodities supercycle.
A stronger US dollar and falling oil, metals and China-slowdown concerns point to softer commodity prices and weaker Australian export pricing. The piece is opinion analysis rather than a new event.
macrobusiness.com.auHouses, HolesFeb 28, 2021Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Not 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.
