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Rabobank has cut its Australian dollar forecasts while Morgan Stanley bets on a return to financial crisis lows. The Aussie is down 5.2% in 2018 and sits at a one-year low against the dollar, with its China links and global risk sensitivity weighing on it.
Bearish currency forecasts tied to China and trade war risk signal weaker Australian export demand and pressure on dollar-priced Australian commodities.
poundsterlinglive.comJames SkinnerJun 26, 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.
