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The Australian dollar continued to fall against the US dollar, trading near 64 US cents. Commentary expected further declines that could raise import costs and inflation in Australia.
A weaker Aussie dollar makes Australian exports more competitive in US dollar terms, which can support export flows of grain and meal, though the effect on world feed prices is minor.
abc.net.auJon DalyOct 31, 2022Not 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.
