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The Australian dollar rose 0.5% to US$0.6725 after the Reserve Bank of Australia held its cash rate at 0.75%. The offshore yuan also gained as risk appetite improved, though the coronavirus outbreak remained a threat, with China's death toll rising to 425.
Improved risk appetite and a firmer Aussie dollar reflect easing global market stress. Currency moves of this size have limited direct effect on feed grain prices.
businesstimes.com.sgFeb 4, 2020Not enough comparable past events yet for a historical read.
After 362 past bearish macro events, Chinese Yuan (CNY per USD) moved a median -0.1% over 5 sessions (42% higher; middle half -0.4% to +0.1%), and -0.2% over 20.
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.
