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The Australian dollar rose after minutes from the Reserve Bank of Australia's March meeting showed board members agreed further tightening would likely be needed, though they differed on timing. Oil near $100 per barrel was flagged as capable of lifting June-quarter CPI to around 5%.
Higher expected Australian rates support the AUD against the USD, while oil-driven inflation pressure keeps central bank policy tight, which matters for currency-linked feed import costs.
fxstreet.comAkhtar FaruquiMar 31, 2026Not enough comparable past events yet for a historical read.
After 102 past neutral macro events, Crude Oil (WTI) moved a median -0.1% over 5 sessions (49% higher; middle half -3.3% to +2.5%), and +1.8% over 20.
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.
