# Dollar bloc currency drivers diverge - Westpac - Forex Crunch

> Westpac strategist Richard Franulovich says the AUD, NZD and CAD have diverged from commodity prices, with commodities supportive while yield spreads against the US are at record lows. He attributes the terms-of-trade gains partly to supply disruptions in iron ore and oil.

- Date: 2019-05-21 · published 2019-05-21T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/59000-dollar-bloc-currency-drivers-diverge-westpac-forex-crunch
- Commodities: [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

Commodity-currency divergence signals that currency moves may not follow commodity strength, which matters for exporters of grains and oilseeds priced in those currencies.

## Read by commodity

- AUDUSD: neutral

## Sources

- forexcrunch.com: https://www.forexcrunch.com/blog/2019/05/21/dollar-bloc-currency-drivers-diverge-westpac/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.