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The Australian and New Zealand dollars held steady near multi-month highs ahead of possible US trade deal announcements. The AUD/USD rate was quoted around 0.67 in Reuters coverage dated June 29, 2025.
A firmer Aussie tends to make Australian commodity exports pricier in US dollars, but the move is small and driven by currency sentiment rather than physical supply or demand for feed inputs.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.