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Foreign exchange traders are increasingly using the Australian dollar as a funding currency rather than an investment, as interest rates fall to a record low of 0.75 per cent. Drought, wildfires and the coronavirus are adding pressure on policymakers.
A currency that is losing its carry appeal may weaken further, which lowers the dollar cost of Australian grain and meal exports.
freemalaysiatoday.comBloombergFeb 24, 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.
