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The Australian dollar has dropped about 11% from its late-September high of 69.4 US cents, reaching 61.82 on New Year's Day. Analysts say the Reserve Bank could intervene in currency markets if the move continues, and the decline is linked to fewer expected US rate cuts.
Currency intervention risk and a weaker Aussie dollar can shift Australian export pricing, which matters for feed buyers sourcing Australian grain.
abc.net.auDavid TaylorJan 3, 2025Not enough comparable past events yet for a historical read.
After 2,356 past bullish macro events, US Dollar (Broad) moved a median +0.2% over 5 sessions (60% higher; middle half -0.3% to +0.7%), and +0.4% over 20.
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.
