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The Australian dollar slipped below 0.61 on 31 March after touching a high near 0.6209, as investors adjusted month- and quarter-end positions. Analysts see short-term upside if US dollar funding costs ease, but also continued volatility.
Routine currency moves like this change the relative price of Australian grain and meal exports only marginally. The outlook for the Aussie dollar remains mixed and sensitive to US funding conditions.
ofx.comWednesdayMar 31, 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.
