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The Australian dollar held near two-month highs after the RBA cut rates and signalled caution on further easing. Gold rose over 1% on growth concerns, and crude oil traded higher on supply disruptions in Russia and the US.
Higher crude oil supports biofuel economics and feed input costs, which can lift soybean oil and corn prices. Stable Aussie currency gives Australian exporters steady pricing for grain shipments.
ig.comTony SycamoreFeb 19, 2025Not enough comparable past events yet for a historical read.
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.
