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Iron ore prices hit their highest level since February during a broad metals rally, and the AUD/USD outlook remains bullish. The analyst expects the dollar to weaken against antipodean currencies as the RBA holds rates longer than the Fed.
Stronger Chinese industrial demand and metals prices support Australian export currencies, but this is routine FX commentary with little direct effect on feed grain prices.
forex.comFawad RazaqzadaMay 22, 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.
