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The Australian and New Zealand dollars fell about 0.7% on Monday as the escalating Russia-Ukraine crisis clouded global growth and inflation outlooks. The euro slid to a 15-week low against the Australian dollar.
Higher commodity prices offered some support to the Aussie as a net energy exporter.
Currency moves of this kind affect the cost of imported feed inputs for buyers in the region; a weaker AUD tends to raise local costs for imported commodities and can shift export competitiveness.
brecorder.comReutersFeb 28, 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.
