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The Australian dollar rebounded strongly on Thursday after falling heavily the previous day. The move was supported by softer US economic data, higher commodity prices and a solid Australian business investment report for the June quarter.
A firmer Aussie tends to make Australian exports pricier, but higher commodity prices signal stronger demand from China and Australian grain and meal exporters remain price-competitive; the currency move is a modest factor for feed buyers.
businessinsider.comAug 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.
