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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