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The Australian dollar has fallen about 5% since November and briefly dipped below 70 US cents, its lowest in over a year. Economists attribute the decline to Chinese slowdown weighing on iron ore demand and US inflation supporting the greenback.
Weaker AUD reflects softer Chinese demand for commodities and lowers the cost of Australian grain and barley for feed buyers.
morningstar.com.auLewis JacksonDec 9, 2021Not 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.
