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The Australian dollar rose 0.37% to $0.7139 after a 1% drop on Friday that took it to $0.71125, its lowest since Aug. 20.
Currency strategists warned that volatility could persist as Omicron-related news continues.
A weaker or volatile Aussie affects Australian grain and meal export competitiveness and can shift offshore buying of Australian barley and wheat. The move is a modest signal rather than a direct supply change.
reuters.comKevin BucklandNov 29, 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.
