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The Australian and New Zealand dollars fell about 0.3% from three-week highs on Tuesday as renewed global inflation fears strengthened the US dollar. Aussie traded near 0.7178 and kiwi near 0.6536, with investors awaiting Australian Q1 GDP data.
A firmer US dollar and weaker Aussie reduce the purchasing power of Australian buyers and modestly weigh on Australian export competitiveness for commodities like barley and canola meal; the impact on feed prices is limited.
brecorder.comReutersMay 31, 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.
