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The Australian dollar touched a US$0.70 interbank low on December 27, its weakest level since February 2016, before stabilising on trade hopes. Weak Chinese growth and falling commodity prices weighed on the currency through the second half of 2018.
Aussie weakness reflects softer China demand and commodity prices, a mild bearish signal for Australian export commodities; trade-deal hopes offer some support.
news.torfx.com" width="100" height="100" layout="fixed">Jan 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.
