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Amplifying Global FX analyst Greg Gibbs says the Aussie has been hit alongside Asian emerging markets by US tariffs on China and is acting as a proxy for Chinese risk. Rising Australian bank funding costs are also pressuring the currency.
Tighter credit conditions and China-linked risk weigh on Australian growth and currency, which affects Australian commodity export pricing and demand expectations.
octaafrica.netJun 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.
