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A Tempus Inc. strategist forecasts the Australian dollar will rise about 5% to 74 US cents by year-end as easing U.S.-China trade tensions support risk assets. Funds including AMP Capital and QIC are described as bearish on the currency.
A forecast recovery in the AUD would lower Australian import costs and could support commodity prices if risk sentiment improves, though it is only one analyst's view.
bloomberg.comRuth CarsonMay 1, 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.
