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AUD/USD rose 0.90% to 0.6890 after positive Australian data and a hawkish RBA hold at 4.35%. Markets are watching the US PCE inflation release, which may affect expectations for further Federal Reserve cuts.
A firmer Aussie and expectations of Fed easing move the US dollar, which tends to support dollar-denominated commodity prices; the effect on feed markets is small.
fxstreet.comPatricio MartínSep 26, 2024Not enough comparable past events yet for a historical read.
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.
