Loading…
Economists at AMP Capital expect the ECB and Fed to move toward monetary easing, probably from July, with two Fed rate cuts expected this year. They also expect the RBA to ease more than the Fed and forecast the Australian dollar falling to around US$0.65 by year end.
Expected global monetary easing tends to weaken the US dollar, supporting commodity prices in USD terms. A forecast weaker AUD would make Australian exports more competitive, a factor for global grain and feed supply.
totalwealth.com.auJoel MullenJun 24, 2019After 1,637 past bearish macro events, US Dollar (Broad) moved a median -0.2% over 5 sessions (39% higher; middle half -0.6% to +0.3%), and -0.2% over 20.
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.
