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The Australian dollar rose to 93.23 yen and near $0.7171 on 2 June 2022 as Australian 10-year bond yields jumped to 3.48%. Markets priced in RBA hikes of 25 to 40 basis points at the coming meeting.
Rising yields and expected RBA tightening support the Aussie and lift the cost of capital across Australian agriculture, while the yen weakness keeps Japanese feed buyers' costs elevated.
brecorder.comReutersJun 2, 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.
