The Australian and New Zealand dollars rebounded on Monday after sharp declines the previous week, with the Australian dollar up 0.45% against the US dollar and the New Zealand dollar up 1.06%. Strong US employment data and hawkish Federal Reserve comments had supported the US dollar, while uncertainty over New Zealand’s election outcome remained in focus.
A stronger US dollar can weigh on dollar-denominated feed commodities for buyers using other currencies, while an Australian-dollar rebound can reduce the local cost of imports. These currency moves are not tied to a new change in physical feed supply or demand.
Not 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.