Westpac Forecasts: Currency .- and Adobe Stock

westpac forecasts: Greg Brave, Adobe Stock- AUD slumps after reports of Chinese coal ban hit currency.- And as Westpac forecasts two RBA rate cuts to hit in 2019.- Overshadowing hopes of an end to U.S.-China trade war, according to Xinhua China. The Australian Dollar collapsed Thursday after Reuters reported that customs officials managing some Chinese ports are no longer allowing Australian coal into the country and after a leading economist forecast the Reserve Bank of Australia RBA will cut its interest rate twice this year. Reproduction of any content for commercial purposes is subject to our usage terms and conditions, please email the editor at his address directly for clarification. Reuters reported Thursday that customs at China's northern port of Dalian have banned all imports of Australian coal and that they are imposing a quota on imports from other sources, citing an unnamed Dalian Port Group official. These high quality inputs allow Chinese steel mills to reduce emissions and increase productivity, says Vivek Dhar, a commodity strategist at Commonwealth Bank of Australia. Australian iron ore and coking coal is generally better quality than the rest of the world. (news.financializer.com). As reported in the news.