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The Australian dollar rose slightly against the US dollar on Friday, recouping some earlier losses after weak US manufacturing and services PMI data. The Aussie remains a proxy for coronavirus concerns and is near decade lows.
Currency swings of this size have little direct effect on feed grain prices, though a softer dollar can modestly support US commodity prices.
currencylive.comIleana IonescuFeb 21, 2020After 1,637 past bearish macro events, US Dollar (Broad) moved a median -0.2% over 5 sessions (39% higher; middle half -0.6% to +0.3%), and -0.2% over 20.
Not 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.
