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The Commonwealth Bank warned the global banking crisis could push the Australian dollar below US60c in a worst case. The dollar was trading just above US67c, and RBA assistant governor Chris Kent said Australian banks are strong.
Currency volatility from banking stress can shift export competitiveness for Australian grains and meat, but the direct price effect on feed commodities is limited.
channelnews.com.auNathan JollyMar 20, 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.
