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The Australian dollar reached US65.94 cents on Monday, its highest since August 10, and gained 3.9% in November. AMP forecasts the currency could climb above US70 cents as Australia's interest rate outlook diverges from the US.
A firmer Australian dollar is a currency-driven move that mainly affects Australian export competitiveness and import costs rather than directly moving feed commodity supply or demand.
afr.comCecile LefortNov 27, 2023Not 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.
