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A National Australia Bank analysis reviews the Australian dollar's volatile start to 2021, including its briefly exceeding 0.80 on February 25 before falling below 0.77 within a day. The piece explains the currency's sensitivity to global risk sentiment and its dependence on foreign funding.
The analysis explains why the Australian dollar moves with global risk appetite, which affects the cost of imported feed and the competitiveness of Australian grain and meat exports, but it contains no new price-moving event.
business.nab.com.auMar 4, 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.
