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Westpac forecasts the Australian dollar, near USD0.7094, will fall below USD0.70 in the second half of 2019. It expects weak GDP growth to prompt two RBA rate cuts and a widening rate gap with the US.
A weaker AUD with RBA easing would raise the local-currency cost of imported feed inputs and could shift export competitiveness for Australian grain and meal.
actionforex.comWestpac Banking CorporationMar 14, 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.
