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The Australian dollar was weak on 1 November 2017 as persistently low inflation reduced hopes for rate increases, prompting liquidation of long positions. AUD/USD hit a high of 0.7696 before falling back below its main moving averages.
Eurozone and US data were positive.
Currency weakness driven by rate expectations has minimal direct impact on feed grain or protein prices.
ofx.comWednesdayOct 31, 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.
