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The Australian dollar fell to its lowest since June after October's trade surplus came in at $105 million, far below the expected $1.4 billion. Export earnings dropped on weaker iron ore prices and lower coal volumes.
Weak export earnings tied to lower iron ore and coal reflect softer Chinese demand for raw materials, a macro signal with limited direct impact on feed grains.
smh.com.auVesna Poljak, Sarah TurnerDec 7, 2017Not 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.
