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The Australian dollar traded as high as 68.13 US cents on June 2, its highest level since late January. The move followed a weaker US dollar and strong iron ore demand, while the ASX 200 closed 0.3 per cent higher.
A weaker US dollar and firm iron ore prices lift the Aussie, which makes Australian commodity exports less competitive in dollar terms. The effect on feed grain prices is marginal.
abc.net.auDavid ChauJun 1, 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.
