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Rabobank forecasts the Australian dollar to weaken over coming months, with AUD/USD seen falling about 4%. The bank cites narrowing short-term rate differentials and a dovish RBA outlook versus a hawkish Fed.
A weaker Aussie would lower Australian export prices in US dollar terms, a modest bearish factor for Australian grain and meal offers.
poundsterlinglive.comJames SkinnerMay 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.
