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The Australian and New Zealand dollars fell on global risk aversion linked to Middle East tensions and weak domestic jobs data. Employment rose only 6,700 in September against expectations of 20,000 or more, and Australian 10-year yields hit their highest since 2011.
Risk-off flows and weaker AUD and NZD reflect a stronger US dollar backdrop, with minimal direct effect on feed grain or protein prices.
brecorder.comReutersOct 19, 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.
