Loading…
The Australian dollar rose on Monday to 70.31 US cents from 70.14 US cents on Friday. Investors had bet that Sino-US trade talks at the G20 would avert a new round of tariffs, at least temporarily.
A firmer AUD makes Australian grain and commodity exports pricier in US dollar terms, while trade-deal hopes support risk sentiment for commodities broadly. The move is small and mainly reflects currency-market positioning.
insidefmcg.com.auRuth HoganJun 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.
