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BNY Mellon analysts say the Australian dollar has fallen about 6 percent against the USD since early September, mainly as Aussie-US bond yield spreads narrowed to levels not seen since around 2000. They expect the weakness to fade over coming weeks.
A weaker AUD makes Australian grain and barley exports cheaper in USD terms, adding some competitive pressure on world feed prices. The effect is mainly a currency-driven shift in export competitiveness.
poundsterlinglive.comJames SkinnerNov 23, 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.
