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BlackRock, the world's largest asset manager, says the Australian dollar could slide to 70 US cents this year as China's growth slows and the Fed keeps raising rates. The Aussie fell below 74 US cents on Tuesday for the first time in a year amid the US-China trade dispute.
A weaker Aussie makes Australian exports more competitive but signals slowing Chinese demand for Australian commodities, a key feed-relevant input chain including barley, sorghum and meat exports.
smh.com.auRuth Carson, Andreea PapucJun 20, 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.
