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The AUD/USD pair reached a two-year high near 0.7450 after a stronger-than-expected Australian Q3 GDP print of 3.3%. The US dollar index hit a 2.5-year low, and iron ore traded near six-year highs around $136.
A weaker US dollar and firm iron ore support dollar-denominated commodity prices, but this is a currency market wrap with no new supply or demand shock for feed ingredients.
forex.comGlobal authorDec 3, 2020Not enough comparable past events yet for a historical read.
Not 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.
