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AUD/USD fell to an 11-week low of 0.6899 after Australian May CPI showed headline inflation easing to 4.0% year-on-year, below consensus, while the RBA's trimmed mean rose to 3.6%. The Aussie has dropped more than 5% from its early-May high of 0.7277 as the US dollar strengthened.
Persistent underlying inflation keeps the RBA on a tightening path, which supports the AUD, but the broader US dollar strength is the dominant pressure. A weaker AUD marginally improves Australian export competitiveness for feed commodities.
ig.comTony SycamoreJun 24, 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.
