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The Australian dollar slipped 0.1% to $0.7050 after December retail sales fell 3.9%, far worse than forecast, the biggest drop since August 2020. The currency was still up 3.5% for January, and markets kept bets on a quarter-point RBA hike in February.
Weaker domestic demand trims rate-hike expectations, which tends to weigh on the Aussie against the dollar. For feed buyers this is a minor macro signal with little direct effect on feed grain or meal prices.
brecorder.comReutersJan 31, 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.
