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Westpac currency strategists say fears of tweet-driven US trade conflict will keep the Australian dollar below 75 US cents. The Aussie fell to a seven-month low of 71.76 cents late last year and is about as cheap as it has been in a decade on Westpac's fair value models.
Trade-war risk under Trump could hit China-bound US and Australian agricultural flows, while a cheap Aussie supports Australian grain competitiveness.
afr.comJonathan ShapiroJan 8, 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.
