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The Australian dollar slipped below 74 US cents on November 23 but its decline was limited by firmer commodity prices. The currency's weakness reflected a stronger US dollar.
No new policy action was reported.
A lower Aussie dollar improves Australian export competitiveness, which can add pressure to global grain and feed prices. The move is a currency-driven shift rather than a supply change.
businessnews.com.auAAPNov 22, 2016Not 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.
