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The Australian dollar has held around 80 US cents for about two months despite a fall in commodity prices, including a 10 per cent drop in iron ore spot prices. Analysts point to stronger-than-expected local data and US dollar weakness as the main supports.
For feed buyers, a firm Aussie dollar makes Australian grain and barley less competitive on export markets, which can weigh on international feed grain prices at the margin.
abc.net.auMichael JandaSep 20, 2017Not enough comparable past events yet for a historical read.
After 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.
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.
