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The Australian and New Zealand dollars weakened on Tuesday as cautious investors cut risk over rising Covid-19 cases and the greenback firmed on bets of higher US interest rates. The Aussie fell 0.1% to $0.7557 and the kiwi was off 0.1% at $0.7032.
Australian bond futures gained.
A weaker Aussie and kiwi make Australian and New Zealand exports cheaper in US dollars, a minor influence on feed commodity pricing. The move mainly reflects currency and risk sentiment rather than a change in supply or demand.
brecorder.comReutersJun 28, 2021brecorder.comReutersJun 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.
