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The Australian dollar rallied to US69.76 cents ahead of the Reserve Bank of Australia's June 4 policy meeting, where a 25 basis point rate cut was expected. The currency's strength followed a broad fall in the US dollar.
A stronger AUD raises the cost of Australian exports in USD terms, which can support competing feed grain prices from other origins. The effect on global feed markets is modest.
afr.comSarah TurnerJun 4, 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.
