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Australia's Q2 CPI rose 1.0% quarterly and 3.8% annually, with the RBA's trimmed mean and weighted median measures coming in below forecasts. Markets reduced the odds of a further RBA rate hike and the AUD dropped sharply at release.
Reduced RBA hike odds weaken the AUD, a modest bearish signal for Australian export commodities priced in USD and a marginal supportive factor for US dollar-denominated feed prices.
babypips.comPippoJul 31, 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.
