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The Australian dollar rose to 76.66 US cents after a stronger-than-expected November jobs report (62,000 jobs versus 18,000 expected) and a Fed rate hike. The US dollar weakened against a basket of currencies after US core inflation undershot expectations.
A firmer Aussie and softer US dollar raise the cost of Australian and US feed-grain and meal exports in local terms, which can shift basis and export competitiveness for barley, sorghum and meal.
abc.net.auDavid ChauDec 14, 2017After 1,637 past bearish macro events, US Dollar (Broad) moved a median -0.2% over 5 sessions (39% higher; middle half -0.6% to +0.3%), and -0.2% 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.
