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Commonwealth Bank cut its 2018 and 2019 Australian dollar forecasts, citing a slowing global economy, the removal of expected Australian rate hikes this year, and a firmer US dollar.
A lower AUD forecast reflects weaker expected Australian export returns, but the effect on feed prices is indirect.
afr.comSarah TurnerMay 3, 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.
