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The Australian dollar swung about 1.7 percent in one day, rising on a jobs beat and then falling on Westpac's view that the RBA may cut rates twice. It later dropped more than 1 percent after Reuters reported a Chinese port customs had indefinitely banned Australian coal shipments.
Currency volatility tied to China trade frictions signals risk to Australian export earnings, with the coal ban highlighting that Chinese trade measures can target Australian commodities quickly.
bloomberg.comRuth CarsonFeb 21, 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.
