The expansion of the US budget deficit and commodity prices
About the author:
- Author name:
- By Michael Knox
- Job title:
- Chief Economist and Director of Strategy
- Date posted:
- 15 July 2020, 12:28 PM
"We think that the decline in the US dollar needs to happen..."
"You have a dramatic increase, the budget deficit will go up 3 times between 2019 and this year, which puts downward pressure on the USD, then our model of the AUD rises dramatically."
"That fall in the USD in turn creates a rise in commodity prices"
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View more analysis from Michael Knox by clicking on 'economic strategy' in the popular topics list, or listen to his full playlist of podcasts on Soundcloud. Alternatively, contact your Morgans adviser or nearest Morgans branch.
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