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ANZ FX research says interest-rate spreads are only part of the story for the Australian dollar, with terms of trade and global liquidity also important. ANZ does not expect narrowing spreads alone to push the AUD below US$0.70.
The analysis suggests AUD support from commodity terms of trade and global liquidity, with no direct effect on feed grain prices.
octaafrica.netJun 1, 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.
