Aud to usd westpac forecast: Australian Dollar to See Fresh Losses in Second-half of 2019 as RBA Starts Cutting, says Westpac

“For Australia, iron ore and coal prices remain key. Over the past year, both markets have seen significant supply disruptions and a seeming unwillingness (or inability) of producers to quickly offset the production loss. Coupled with ongoing structural reform (which preferences high-quality inputs) and strengthening construction-related demand for steel in China, impaired supply has resulted in elevated price levels for both iron ore and metallurgical coal,” says Elliot Clarke, an economist at Westpac. 

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