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A Swiss National Bank working paper estimated average daily EUR/AUD trading routed through dollar markets at $620 million, compared with $130 million traded directly, using data from 2012 to 2024. A separate Australian FX survey reported much higher turnover in AUD/USD and EUR/USD than in the direct AUD/EUR pair.
The findings describe how currency trades are routed, not a new change in exchange rates or a direct shift in agricultural supply or demand.
fxnews.aiFXNews News DeskNov 7, 2026Not 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.
