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The US Federal Reserve cut its policy rate overnight, sending the Australian dollar to a three-month high. The move adds to global currency easing amid the US-China trade war.
The Reserve Bank of Australia is wary because a stronger currency could damage an already fragile economy.
A firmer Australian dollar makes Australian grain, barley and other exports less competitive, which can weigh on Australian feed-grain prices in global markets. Currency-driven export pricing shifts can also influence import buying decisions.
abc.net.auOct 31, 2019Not 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.
