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The Australian dollar rose slightly to about $0.6968 after RBA Governor Lowe signalled further tightening ahead. The yen stayed near a 24-year low of about 135 per dollar after the Bank of Japan reaffirmed ultra-easy policy.
Lower iron ore prices weighed on the Aussie.
A weaker yen and firmer dollar raise the local-currency cost of imported feed and make US exports more expensive for buyers in Japan, while lower iron ore reflects softer commodity sentiment.
brecorder.comReutersJun 21, 2022Not 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.
