Loading…
The Australian and New Zealand dollars fell to one-month lows on November 14, extending a fourth straight session of losses. The moves followed soaring US Treasury yields and broad dollar strength after Donald Trump's election.
The Aussie was last near US$0.7546.
A weaker Aussie dollar lowers the cost of Australian wheat, barley and barley-based feed in US dollars, which can cap export prices. Dollar strength generally pressures dollar-denominated grain prices.
businesstimes.com.sgNov 13, 2016Not enough comparable past events yet for a historical read.
After 2,356 past bullish macro events, US Dollar (Broad) moved a median +0.2% over 5 sessions (60% higher; middle half -0.3% to +0.7%), and +0.4% over 20.
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.
