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The Australian dollar rose on Monday after rebounding from nine-month lows, as China announced small stimulus measures. It reached US64.27 cents after halting five weeks of losses.
Interest rate differentials between the US and Australia had weighed on it.
Chinese stimulus helps sentiment toward Australia, a major grain and feed supplier, and supports Australian export earnings. The currency move has a limited direct effect on feed prices.
afr.comCecile LefortAug 28, 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.
