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The Australian dollar closed higher against the US dollar for a third session, near 0.6856. It later gave up gains after stronger-than-expected US third-quarter GDP growth of 1.9% lifted the greenback.
Australian CPI rose to 1.7%, reducing expectations of an RBA rate cut.
A firmer Australian dollar reduces the competitiveness of Australian exports in global feed grain and barley markets. The main impact is on currency relationships rather than direct supply changes.
currencylive.comFiona CincottaOct 30, 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.
