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The Australian dollar closed the week weaker against the US dollar after US equities fell on Friday. The pair traded near 0.7611, and the Fed left rates and bond purchases unchanged, while US GDP rose 4.0%.
Weakness in US equities and risk sentiment pushed the Aussie lower, a routine currency move with no new supply or demand shock for feed ingredients.
ofx.comMondayJan 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.
