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David Scutt reports that the Australian dollar's recent rally from crisis-era lows is temporary, according to Westpac's Sean Callow. Westpac forecasts a February RBA rate cut and expects no major US-China trade breakthrough.
A persistently weak Aussie dollar supports Australian export competitiveness for commodities such as grains and meat. The expected lack of a US-China deal keeps trade-related demand uncertainty elevated.
smh.com.auDavid ScuttNov 3, 2019Not 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.
