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The Australian dollar jumped about 3 US cents to nearly 62 US cents after the US Federal Reserve moved to expand the supply of US dollars. Analysts expect the currency to face renewed downward pressure as the economic outlook deteriorates.
A weaker Aussie dollar makes Australian grain and meal exports more competitive, while the Fed's dollar easing reduces funding strain. Analysts expect the rally to fade, so the net price effect on feed commodities is limited.
afr.comLuke Housego, Vesna PoljakMar 29, 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.
