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Morningstar analysts say the Aussie's slide to 73.5 US cents, a one-year low, is driven by US-China trade tensions and rising US rates. Trump's threatened tariffs on $200 billion of goods have triggered share market volatility, and Morningstar sees a 50% chance of a global recession within two years.
Global trade slowdown risk reduces demand for commodities and feed inputs from Australia and other exporters, while a weaker Aussie partially offsets this for exporters.
morningstar.com.auNicki BourlioufasJun 21, 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.
