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NAB analysts say the Reserve Bank of Australia cash rate could fall below US Fed rates in 2017, a situation last seen in 1997-2001 when the Australian dollar fell to about 48 US cents. NAB doubts the Australian dollar would fall much below 65 US cents except in a US-led trade war.
Expectations of a weaker Australian dollar would make Australian grain and barley exports more competitive, which is bearish for global feed grain prices. The view is a forecast rather than a realised move, so the price effect is limited.
abc.net.auThuy OngDec 30, 2016Not enough comparable past events yet for a historical read.
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.
