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The Australian dollar dropped to an 11-year low of about 65.9 US cents after the unemployment rate rose unexpectedly from 5.1 to 5.3 per cent. Analysts said the currency looked vulnerable to further RBA rate cuts amid a slowing economy.
A weaker Aussie lowers the dollar cost of Australian grain and meal exports, which can add supply competition for buyers in Asia.
abc.net.auMichael Janda, Sue LanninMar 1, 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.
