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ANZ analysts maintain a mildly bearish outlook on the Australian dollar, forecasting a decline toward 0.70 against the US dollar before year-end. They cite unsupportive risk sentiment driven by US-China trade tensions and a stalled Reserve Bank of Australia.
Continued AUD weakness lowers Australian costs for imported feed and supports Australian export competitiveness, while trade tensions weigh on global demand.
poundsterlinglive.comJames SkinnerSep 27, 2018Not 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.
