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The Australian dollar fell to an 11-year low of 65.43 US cents, with coronavirus fears outside China contributing to the decline. Its slide also reflects a year of Reserve Bank rate cuts that narrowed its yield advantage over the US dollar.
A weaker Aussie makes Australian grain, meal and barley exports cheaper in US dollar terms, which can add competitive pressure on global feed grain prices.
abc.net.auGareth HutchensFeb 27, 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.
