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NAB reports the AUD/USD pair fell 5.2% in November 2021 from 0.7518 to 0.7127, its lowest since November 2020. The decline followed a strong US CPI surprise, Fed signals of faster tapering, and the RBA abandoning its yield curve control policy.
A stronger USD and weaker AUD lower Australian export prices in USD terms, which can ease feed grain costs for importers, though the market impact is modest.
business.nab.com.auDec 1, 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.
