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The Australian dollar extended its winning streak to nine weeks, reaching $0.7204 and nearing its May high of $0.7277. Three-year bond yields rose 10 basis points on the week as markets priced a 52% chance of an RBA hike next month.
A quarter-point move by year-end is now fully priced.
Rapid rate repricing and a strong Aussie are a headwind for Australian export competitiveness and can pull on dollar-denominated grain prices. Analysts flag medium-term downside if tightening weighs on growth.
brecorder.comReutersAug 28, 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.
