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Nomura and ANZ maintain that the Australian dollar's broad uptrend remains intact despite recent setbacks. Short-term weakness is attributed to overstretched fund positioning, China's credit rating downgrade and a hawkish Fed.
Currency forecasts for the Aussie affect the cost of Australian grain and barley for import buyers, though the effect on feed prices is indirect.
poundsterlinglive.comNews, Data, ForecastsSep 22, 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.
