Loading…
The Australian dollar climbed back above 80 US cents ahead of the Reserve Bank of Australia's meeting, where the cash rate was widely expected to stay at 1.5 per cent. Iron ore jumped about 7 per cent overnight to near US$74 a tonne, and Goldman Sachs expects prices to start declining by year-end.
A stronger Aussie dollar and a firm iron ore price affect Australian export income and the cost of imported goods, but neither has a direct effect on feed grain or meal prices.
abc.net.auDavid ChauJul 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.
