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The Australian dollar stayed under pressure this week as coronavirus fears dominated headlines, even though strong Australian data offered some support. AUD has lost ground against major rivals, with USD/AUD rising from 1.4646 to 1.4806 so far this week.
Traders have also scaled back bets on an RBA rate cut.
The Aussie is a China-linked, risk-sensitive currency, so weaker AUD reflects expected slowdown in Chinese demand for Australian exports. For feed buyers, a softer AUD can make Australian grain and meal offers cheaper in USD terms.
exchangerates.org.ukColin LawrenceJan 29, 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.
