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The extra yield on Australian 10-year bonds over US equivalents has narrowed to almost nothing. Economists are looking for signs that the Australian dollar, which has been resilient, may weaken.
The narrowing yield spread has historically driven the Aussie, so a further narrowing points to downside for AUDUSD and weaker Australian export currency support.
afr.comMyriam RobinMay 28, 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.
