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The Australian dollar has gained about 21 per cent against the US dollar since mid-March despite a deep domestic recession and a deteriorating relationship with China. The columnist attributes the rise mainly to America's economy being judged weaker than Australia's.
Currency strength driven by relative US weakness can cut the local-currency value of Australian commodity exports, which can soften offer prices for grain and feed. The impact on global feed prices is modest.
smh.com.auStephen BartholomeuszJun 9, 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.
