Loading…
The Australian dollar rallied overnight against the US dollar and crosses after easing fears of a negative GDP reading in the March quarter. The move came despite a further fall in iron ore prices.
Reduced recession risk supports the Aussie, but weak iron ore points to softer demand for Australian bulk commodities.
businessinsider.comJun 5, 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.
