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The Australian and New Zealand dollars edged higher on Tuesday as Asian risk appetite recovered after Wall Street pared losses tied to a hedge fund default. The kiwi was on track for a 3.07% monthly loss in March, while the Aussie was set to fall 0.92% for the month.
Currency moves in commodity-linked currencies can shift export competitiveness for Australian and New Zealand grain and meat, but this routine market wrap signals no new fundamental shock to feed prices.
brecorder.comReutersMar 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.
