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ANZ has cut its Australian dollar forecasts, citing a sharp deterioration in global risk sentiment as the U.S.-China tariff dispute escalates. The bank now expects AUD/USD to fall more than 5% and sees possibly more than two RBA rate cuts.
Australia's currency is highly sensitive to China-linked trade risk, so a weaker AUD reduces the import cost of Australian goods and signals softer demand for Australian commodity exports.
poundsterlinglive.comJames SkinnerMay 31, 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.
