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The Australian dollar recovered from three-month lows against the USD ahead of US retail sales data. China's October retail sales and industrial output beat expectations in part.
RBA Governor Bullock said rates would stay at current levels until inflation outlook gains confidence.
A stronger AUD makes Australian grain exports less competitive and slightly reduces import costs for Australian feed users. The impact on global feed prices is minor.
fxstreet.comAkhtar FaruquiNov 15, 2024Not enough comparable past events yet for a historical read.
After 359 past neutral macro events, US Dollar (Broad) moved a median -0.0% over 5 sessions (49% higher; middle half -0.4% to +0.4%), and -0.1% 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.
