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The Australian and New Zealand dollars held near chart support on Thursday as the US dollar extended its broad advance against major currencies. The AUD fell to $0.7584 and the NZD to $0.6975, with mixed Australian retail and trade data.
A stronger US dollar is generally bearish for dollar-priced commodities, so this currency move slightly pressures feed ingredient prices, though the story is mainly routine currency commentary.
brecorder.comReutersApr 1, 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.
