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Westpac says AUD/USD faces headwinds from a resilient US dollar, weak EM currencies, faltering commodity prices and higher volatility. It expects the Aussie could fall to 0.7250-0.7300, a level not seen since January 2017, even if the yuan stabilises.
Expected weakness in commodity prices alongside a falling Aussie signals softer Australian export values and tighter funding conditions for the Australian economy.
forexcrunch.comFX StreetJun 28, 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.
