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The Australian dollar fell from almost US70 cents a few weeks ago to about 66.5 cents after stronger-than-expected US payrolls, unemployment and retail sales data. The article discusses whether the currency can recover.
Currency swings of this size alter the cost of Australian-origin feed and grain in US dollars, a modest factor for global feed ingredient pricing.
afr.comTodd HoareOct 28, 2024Not 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.
