Analysts at the Commonwealth Bank say the AUD could fall up to 10% if Trump wins the presidency
In a research note, CBA currency strategists Richard Grace, Elias Haddad, Joseph Capurso and Wei Li. They say (in very brief):
- Trump's main economic policies are "very inflationary"
- "We believe US bond yields and the US equity market will lift on the company tax cut, and the US dollar will surge higher"
- Sending the AUD/USD below 0.69
- On the other hand, if the Democrats control Congress the impact will be reduced
