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The Australian dollar fell below 74.3 US cents to a two-week low, while the local share market recovered its prior losses. AMP agreed to sell its remaining life insurance stake for A$524 million, and CBA announced a crypto trading offering.
Currency moves here are routine and have little direct effect on feed grain or meal prices. The Aussie's weakness is only a minor factor for Australian export competitiveness.
abc.net.auDavid Chau, Samuel YangNov 2, 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.
