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ABC analysis asks whether the Australian dollar will fall as US interest rates rise, noting new Fed chair Jerome Powell signalled a possible extra hike this year. It notes big banks see the Aussie near 70 US cents by mid-2019, with commodity prices and volatility seen as the main drivers.
Currency moves shape the competitiveness of Australian grain and commodity exports and the cost of imported feed inputs; a weaker AUD tends to support Australian export prices in USD terms.
abc.net.auFeb 28, 2018Not enough comparable past events yet for a historical read.
After 2,356 past bullish macro events, US Dollar (Broad) moved a median +0.2% over 5 sessions (60% higher; middle half -0.3% to +0.7%), and +0.4% over 20.
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.
