Your are a foreign exchange analyst. A report has recently been released indicating that due to the impending threat of Brexit and increasing protectionism in the USA, World commodity prices are set to fall over the next 12 months. In addition, Australia's growth rate is predicted to slow significantly over the coming year. Interest rates have just been increased by the RBA to 4% (USA interest rates are currently 1%). Outline the impact that these three events will have on the likely value of the AUD relative to the USD over the coming year. Treat the events separately but in conclusion provide an overall impact on the direction of the AUD. Use calculations and graphical analysis to support your argument where appropriate. Assume that the current AUD/USD rate is 0.7654.