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Westpac expects AUD/USD could fall below 0.70 in the short term. It cites a possible large RBA policy move, including rate cuts and bond purchases, just before the November 3 US election.
A Democratic sweep could bring larger US fiscal support.
A weaker Australian dollar would make Australian exports more competitive, but the pair's direction depends on the RBA decision and the US election outcome. Forecasts alone are not a confirmed price move.
forexcrunch.comFX StreetOct 23, 2020Not 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.
