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The Australian dollar held up against developed-market currencies on Monday while gold fell sharply as the US dollar index surged. Oil also declined and copper weakened, while Treasuries rallied and Bunds sold off.
A stronger US dollar and weaker commodities broadly pressure dollar-denominated grain and oilseed prices, though this is routine market commentary without a new fundamental driver.
macrobusiness.com.auDavid Llewellyn-Smith MondaySep 30, 2019Not enough comparable past events yet for a historical read.
Not 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.
