# AUD/USD, ASX 200: RIP RBA rate hikes, risk appetite to dictate from here

> Australia's Q2 CPI showed underlying inflation undershooting expectations, with the trimmed mean rising 0.8% quarterly and 3.9% annually. Australian rate markets shifted to pricing the next RBA move as a cut rather than a hike, and the AUD fell to multi-month lows.

- Date: 2024-07-31 · published 2024-07-31T12:00:00.000Z
- Category: macro · region Australia · magnitude low
- Page: https://feedsoft.ai/events/29534-aud-usd-asx-200-rip-rba-rate-hikes-risk-appetite-to-dictate-from-here
- Commodities: [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

Lower Australian rate expectations weaken the AUD, which can make Australian grain, oilseed and meat exports relatively cheaper, a modest bearish factor for global feed commodity prices.

## Read by commodity

- AUDUSD: bearish ▼

## Sources

- forex.com: https://www.forex.com/en/news-and-analysis/aud-usd-asx-200-rip-rba-rate-hikes-risk-appetite-to-dictate-from-here/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.