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The Australian dollar rallied to 3-month highs of 0.6929 after the Fed cut rates by 25 basis points. Australian building approvals rose 7.6% in September, beating expectations.
The pair then slipped back under 69 cents on renewed US-China trade worries.
Currency moves like this change the price of Australian grain and barley in US dollar terms, affecting export competitiveness. The impact on feed prices is modest and mostly reflects macro factors.
ofx.comFridayOct 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.
