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The Australian dollar hit a four-month high of 80.22 US cents before easing to around 79.91. Wall Street had its best day of the year, with the Dow Jones rising 1.25% to a record 26,116 and the S&P 500 reaching a record 2,803.
Strong equity markets and a weaker US dollar support risk appetite and commodity prices broadly. The move is mainly financial-market driven rather than a direct change in feed supply or demand.
abc.net.auABC News & Headlines – Australian Broadcasting CorporationFeb 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.
