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The Australian dollar fell against the US dollar as Chinese investors pulled money out of Australia's housing market, pushing down local property prices. The Reserve Bank of Australia hinted it could cut interest rates to stimulate spending and support a weak economy.
A weaker Aussie and prospective RBA easing reduce Australian economic momentum, which can weigh on demand for Australian grain and feed inputs priced in dollars; the currency move is a modest factor for barley and sorghum export competitiveness.
asia.nikkei.comFUMI MATSUMOTO, Nikkei staff writerFeb 28, 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.
