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The Australian and New Zealand dollars steadied as the rally in the US dollar faded, and markets trimmed November RBA cut odds to around 40% after high August inflation data. Several banks dropped their November easing calls.
Reduced expectations of Australian rate cuts underpin the Aussie and affect export pricing competitiveness; the link to feed commodity prices is indirect.
Not 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.