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The Australian dollar rose 0.3% to $0.6353 after a stronger-than-expected September retail sales report, which rose 0.9% month on month. The currency remained near its one-year low amid volatile global risk sentiment tied to the Israel-Gaza conflict.
Stronger Australian data raises odds of an RBA rate hike, supporting the AUD; for feed buyers this is a currency backdrop with little direct effect on grain or meal prices.
brecorder.comReutersOct 30, 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.
