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Commonwealth Bank strategists expect the Australian dollar to rebound in April after hitting a new 2018 low against the US dollar. The fall was attributed to month-end hedging adjustments by Australian fund managers holding large offshore equity portfolios.
Currency moves driven by hedging flows are temporary and have little direct effect on feed commodity prices. A weaker AUD can marginally support Australian export competitiveness for grains and meal.
poundsterlinglive.comJames SkinnerMar 29, 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.
