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The Australian and New Zealand dollars held firm after US President-elect Joe Biden unveiled a $1.9 trillion stimulus package. The Aussie reached its highest level since late 2018 against the euro and yen.
Expectations of US fiscal stimulus support global growth and resource prices, which tends to lift commodity-linked currencies. The effect on feed markets is indirect.
brecorder.comReutersJan 15, 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.
