The expansion of the US budget deficit and commodity prices

About the author:

Michael Knox
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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