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The Australian and New Zealand dollars held tight ranges on Tuesday as investors looked for signs of inflation. The AUD was trading at $0.7786 within a range that has held since mid-April, supported by high commodity prices.
Commodity-linked currency strength makes Australian grain exports pricier abroad, a small factor in world feed grain pricing.
brecorder.comReutersMay 18, 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.
