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The Australian dollar fell sharply on April 1 to about 0.753, dropping roughly 0.5% against the US dollar after a run of slight data misses. Analysts pointed to a head-and-shoulders pattern on the daily chart.
Technical weakness in the AUD is a currency-market story with no direct supply or demand effect on feed commodities.
exchangerates.org.ukJames ElliotApr 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.
