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The Australian dollar traded near 73.62 US cents, close to its 2-year high of 74.1 US cents, after recovering from about 70 cents at the start of November. The currency is almost 30% above its March and April pandemic lows near 55 cents.
The article discusses how a stronger AUD affects the cost of imports and exports for ASX-listed companies.
A stronger AUD raises the USD price of Australian grain and barley exports, which can narrow export competitiveness and affect offshore buyers' demand.
fool.com.auSebastian BowenNov 27, 2020Not 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.
