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The Australian dollar is falling because strong US growth has raised expectations of further Federal Reserve rate increases, while the RBA has held its cash rate at 4.1% since June. China's weak post-lockdown recovery and deflation in July have also weighed on the currency.
Rate differentials are expected to push investors toward US dollars.
A weaker Australian dollar makes Australian grain and feed exports cheaper for dollar buyers, which can add some export competition. The effect on prices is modest and mainly relevant to currency-linked trade.
theguardian.comPeter HannamSep 1, 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.
