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The Australian dollar was trading near US77.12 cents after falling 0.5%, staying in its one-cent range for most of May. Strategists expect it to break above US80 cents, citing strong commodity-based fundamentals.
A stronger AUD would make Australian grain and barley less competitive on world markets, a mildly bearish factor for export-origin feed prices.
afr.comAlex GluyasMay 31, 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.
