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CME analysis examines whether the Australian dollar could return to its historic lows near 0.50 this decade, noting it has fallen as much as 38% from recent highs. The analysis cites Australia's heavy reliance on Chinese demand for iron ore and coal.
Long-term AUD weakness would reflect doubts about Chinese commodity demand, a risk for exporters of raw materials, but this is a forecast rather than a current shock.
cmegroup.comauthors/erik-norlandJun 14, 2017Not 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.
