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AMP Capital expects the Australian dollar to fall below 70 US cents in 2017, citing an end to commodity price gains, expected US rate hikes and a risk of another RBA cut. The currency was valued at 74.6 US cents on the Friday before the article.
A weaker Australian dollar would make Australian barley and grain exports more competitive on world markets, which is bearish for feed grain prices. This is a forecast from one analyst, so the effect is speculative.
investordaily.com.auTim StewartDec 11, 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.
