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Analysts note that the Australian dollar has fallen sharply as risk appetite deteriorated, with major indices down about 3 percent and US 10-year yields at record lows. They argue that AUD/USD could recover sharply once coronavirus fears ease, given its improved yield spread.
The currency move is driven by risk sentiment rather than a change in Australian commodity fundamentals, so its effect on feed prices is limited for now.
forex.comMatt Weller CFA, CMTFeb 25, 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.
