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The Australian dollar paused its rally at $0.6773 ahead of the July CPI report, after reaching a 2024 high of $0.6798. Forecasts for headline inflation ranged from 2.7% to 3.7% because of uncertainty over electricity rebates.
This is a routine currency wrap that describes pre-data positioning with no new supply or demand driver for feed commodities.
brecorder.comReutersAug 27, 2024Not 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.
