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The Australian and New Zealand dollars edged higher on Monday after recent losses against the greenback, which had been lifted by hawkish Federal Reserve comments. The Aussie stayed near a six-month low, and a 5% drop in iron ore prices pressured it.
Australian and New Zealand bond yields moved lower.
A stronger US dollar after the Fed's hawkish shift weighs on dollar-priced commodities and currencies of commodity exporters. This is routine currency and iron ore commentary with no new grain-specific cause.
brecorder.comReutersJun 21, 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.
