Loading…
The Australian dollar fell to a two-and-a-half year low near 70.79 US cents, down about 13 percent from its January high. Analysts attributed the drop to a widening negative yield spread versus the US, as the Fed raised rates again.
A weaker Aussie dollar makes Australian grain, barley and meal exports cheaper on world markets, which can pressure global feed prices lower while supporting Australian export competitiveness.
news.com.auFrank ChungOct 5, 2018Not enough comparable past events yet for a historical read.
After 2,356 past bullish macro events, DXY moved a median +0.2% over 5 sessions (60% higher; middle half -0.3% to +0.7%), and +0.4% over 20.
Not 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.
