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Hexavest's co-CIO said the Australian dollar could fall to a nine-year low of 67 US cents if the RBA turns more dovish and cuts rates. He argued that the RBA's stance relative to the Fed would weigh on the currency.
A forecast of a weaker AUD would lower Australian export prices in USD terms, which can weigh on world feed grain and barley prices. It is an analyst view rather than a confirmed policy shift.
macrobusiness.com.auHouses, HolesOct 31, 2018Not enough comparable past events yet for a historical read.
Not 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.
