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BofAML sees the Australian dollar reaching 85 cents through 2019, arguing the currency is undervalued relative to rate differentials and terms of trade. The bank recommends buying AUD crosses amid broader US dollar strength.
A bullish AUD view signals firmer Australian export pricing over time, though the effect on feed markets is indirect and long-dated.
macrobusiness.com.auHouses, HolesMay 25, 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.
