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Rabobank forecasts the Australian dollar to decline over one to three months as rising trade tensions with China threaten Australia's export exposure. The call came as the AUD/USD rate reached a multi-week peak of 0.6616.
China was also reported to be looking to curb iron ore imports.
Friction between Australia and China threatens Australian exports of barley and other farm commodities to China, which would weigh on those prices. A weaker AUD would partly offset this for exporters.
poundsterlinglive.comNews, Data, ForecastsMay 21, 2020Not 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.
