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The Australian dollar dropped more than 1% overnight on broad US dollar strength after a hawkish Fed, then recovered to trade near US$0.6443. Australian headline CPI slowed to 2.1% year-on-year, and markets have largely priced in a 25-basis-point RBA cut in August.
Currency moves like these shift the relative cost of Australian and US commodity exports, and rate-cut expectations add to the dollar's influence on prices.
ofx.comBrett OttawaJul 31, 2025Not 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.
