Loading…
The Australian and New Zealand dollars edged higher on November 28 as firmer commodity prices and relatively high bond yields supported carry trades. The Aussie rose to US$0.7456 from a low of US$0.7400 the prior Friday.
Iron ore futures in China rose 3.5 percent.
Firmer Aussie currency and commodity prices slightly raise the US-dollar cost of Australian grain and barley exports. The effect on feed prices is small and short-lived.
singapore.timesofnews.comTimes of NewsNov 28, 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.
