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The Australian dollar has been one of the weakest major currencies in recent weeks, trading near 0.75 and more than 3% below its March highs. Weakness is attributed to average domestic data and a pullback in commodities.
The RBA is seen as having little pressure to raise rates near term.
A weaker Aussie tied to a commodity pullback reflects softer export income for Australia, which is a minor factor for feed buyers. The price effect on grains and meal is indirect.
exchangerates.org.ukJames ElliotApr 26, 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.
