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The Australian dollar softened on Monday despite a broad rally in risk assets after President Trump appeared to rethink part of a Chinese tariff package. CBA and other analysts said AUD upside is limited, with Commerzbank scrapping its forecast for an AUD uptrend next year.
Trade-war uncertainty and a soft Aussie reduce the appeal of Australian commodity exports, while the tariff rethink briefly supported risk assets and commodity prices.
poundsterlinglive.comJames SkinnerAug 19, 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.
