Loading…
Currency hedge fund manager Mark Farrington says the Australian dollar should decline against the US dollar as its yield advantage narrows. He expects the US dollar bull run to resume as the Federal Reserve keeps raising rates faster than other central banks.
This is a forecast opinion rather than a new event. A firmer US dollar would generally weigh on dollar-priced commodities, though the effect on feed markets would be modest.
afr.comJonathan ShapiroJan 31, 2018After 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.
