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The Australian dollar gained against the pound but underperformed other currencies as coronavirus spread, threatening parts of China's economy. Analysts expect more rate cuts from the RBA and say the AUD/USD rate is near 0.6650 with charts pointing lower.
A CBA analyst noted an economic toll from the virus.
Expected RBA easing and a weaker China outlook both push the AUD lower, which lowers the USD price of Australian commodity exports. Feed buyers may see Australian offers become cheaper in USD terms.
poundsterlinglive.comJames SkinnerJan 28, 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.
