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Australian consumer prices rose at the slowest pace in the latest quarter, with softer costs cooling core inflation. The data opened the door to an interest rate cut, and local bonds rallied while the Aussie dollar dipped 0.3% to $0.6228.
A likely RBA rate cut weakens the Aussie dollar, which affects Australian export competitiveness and the cost of Australian grain and oilseed exports priced in USD for feed buyers.
reuters.comWayne ColeJan 29, 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.
