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The Australian dollar rose above US72 cents to a four-week high after a September trade surplus boosted by commodity exports. Wall Street gained as Trump said talks with China were moving along nicely, and the Dow and S&P 500 both rose about 1%.
Stronger commodity export receipts and improved US-China trade sentiment support the AUD and risk assets. The direct impact on feed commodity prices is modest.
smh.com.auNov 1, 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.
