Along with oil prices, sugar prices look to have stabilised in the last week.
Despite breaching a key 12.50 USc/lb level, sugar prices roared back toward 13 USc/lb later in the week.
With many of the northern hemisphere crops coming online now, much of the market’s attention will be focused there.
A big week for the AUD, following comments from the US Fed, which prompted a rally back above USD 0.73.
The G20 summit held in South America over the weekend was highlighted by developments between China and the US on trade, with a 90-day window opened to see if they can come to an agreement on their differences.
Continued positivity on the trade front should continue to see the USD under pressure with the AUD likely to test USD 0.74.