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The Australian dollar rose to 0.7091 against the US dollar, its highest level since February 2023, extending a ninth straight session of gains. The move followed hotter-than-expected inflation data and a broad rally in metals and commodities, and it strengthened expectations of a February rate hike.
Stronger commodity prices and rate expectations support the AUD, which makes Australian exports more expensive in US dollars. The effect on feed-grain pricing is modest and mainly through currency competitiveness.
economies.comRami HaddadJan 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.
