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The Australian dollar recovered from four-month lows on Tuesday after a strong NAB business survey showed conditions at their best in two decades. The gain offset weaker-than-expected Chinese retail sales and industrial production data.
Currency moves affect the price of Australian feed grain exports priced in USD, and a firmer Aussie can modestly support Australian export offers. The effect on feed prices is small and mostly driven by China demand signals.
smh.com.auNov 14, 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.
