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The Australian dollar was pressured in a risk-off session as the US dollar held firm and oil fell. The commentary cites a BofA view that US real economy strength and possible recession risks will keep the USD supported in the first half of the year.
A stronger USD and risk-off tone generally weigh on dollar-denominated commodity prices and can reduce the affordability of imports for emerging-market feed buyers.
au.investing.comFeb 20, 2023Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Not 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.
