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The Australian dollar fell about 0.86% to 0.6083 against the US dollar on April 1, 2020 as risk aversion lifted the greenback. US data showed ISM manufacturing at 49.1 and ADP employment falling 27,000, with traders seeking safe havens after the worst first quarter for US stocks.
Risk-off dollar strength weakens commodity-linked currencies and tends to pressure dollar-denominated commodity prices, a routine but relevant currency move for feed markets.
currencylive.comIleana IonescuApr 1, 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.
