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Commonwealth Bank of Australia forecasts the Australian dollar to slide against the US dollar in 2017 while holding up against sterling and the euro. CBA attributes the dollar rally to Trump's proposed cut in the US corporate tax rate from 35 to 15 percent.
A stronger US dollar on tax-cut expectations would make US feed grain and meal exports more expensive abroad, a bearish factor for US commodity prices.
poundsterlinglive.comNews, Data, ForecastsJan 13, 2017After 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.
Not 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.
