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AUD/USD held elevated despite softer-than-expected Australian inflation, as traders trimmed RBA hike odds but kept three hikes priced for the year. Analysts said risk sentiment and US tech earnings were now the main drivers of the Aussie.
With the currency driven by risk sentiment rather than rates, the move has little direct effect on feed commodity prices, though a firmer AUD can marginally weigh on Australian export competitiveness.
au.investing.comDavid ScuttApr 29, 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.
