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Traders are watching the Australian dollar ahead of the G-20 summit in Buenos Aires, where Trump and Xi are due to meet on trade tensions. The AUD has fallen more than 6% in 2018 and last traded near $0.7302 after hitting $0.7051 in early October.
A positive trade outcome at the G-20 could lift the AUD and risk appetite, which would support Australian commodity exporters and may ease pressure on US-China agricultural flows. The effect on feed prices depends on the summit result.
marketwatch.comAnneken TappeNov 30, 2018Not 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.
