Loading…
The Australian and New Zealand dollars pulled back from highs on Friday as markets priced in an earlier Federal Reserve tapering of asset purchases. Australian 10-year yields reached 1.09%, their highest in six months.
Rising US rate expectations and Treasury yields tend to strengthen the dollar and weigh on commodity-linked currencies. Feed buyers see only indirect effects through dollar-denominated commodity prices.
brecorder.comReutersJan 8, 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.
