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The Australian and New Zealand dollars extended a two-week rally on Monday as investors cut US dollar long positions ahead of key data. The Aussie rose 0.3% to 0.7180, and markets priced in RBA hikes in June, July and August.
A stronger Aussie makes Australian grain and meal exports more expensive for Asian buyers, a modest bearish factor for Australian barley and sorghum offers.
brecorder.comReutersMay 30, 2022brecorder.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.
