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The Australian and New Zealand dollars rallied on Monday as global stocks rose and risk sentiment improved. The Aussie gained almost 0.4% to US$0.7281 while oil jumped to a three-year high.
NSW and Victoria also outlined reopening plans as vaccination rates rose.
Currency moves in the commodity-linked Aussie mainly reflect risk appetite and the resource sector. They have little direct effect on feed grain or meal supply and demand.
straitstimes.comSep 27, 2021Not enough comparable past events yet for a historical read.
Not 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.
