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The Australian and New Zealand dollars recovered on Monday after a global bond sell-off hit riskier currencies late the previous week. Australian 10-year yields eased to 1.64% after reaching 1.97% on Friday, the highest since May 2019.
Currency swings in commodity-linked currencies affect Australian export pricing for barley and other feed grains, but the move reflects financial market conditions rather than a change in grain supply or demand.
brecorder.comReutersMar 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.
