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The Australian dollar rallied on Friday, supported by commodity prices and weak US payrolls, testing near 0.80 US cents intraday. The New Zealand dollar lagged, and sterling rose against the dollar on the same US data.
A weaker US dollar and firmer commodity prices can lift dollar-denominated grain and meal values, though the effect on feed buyers is indirect.
ofx.comFridayAug 31, 2017After 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.
Not 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.
