The El Niño weather phenomenon leads to drier conditions than usual in Australia and New Zealand

This has a negative impact on the agricultural sector and thereby the economy

Reuters with the headline


  • Will return to neutral by Q2 2016


I'm pretty sure I posted something like this a few months ago? (Added, yeah, here it is, from December 8: Australia weather bureau says El Niño near its peak, showing signs of easing)

Anyway, we need more weather reports of ForexLive.