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Markets were shaped by US tech stock weakness, lower US bond yields and a consolidating dollar index ahead of Australian CPI, China PMIs, the BoJ and the Fed decisions. The EUR, GBP and AUD traded in tight ranges, with Eurozone Q2 GDP at +0.3% quarter on quarter.
This is a routine preview of event risk with no new fundamental shock to feed commodity supply or demand, so price impact on feed markets is minimal.
corpaycurrencyresearch.comPeter Dragicevich, Currency Strategist, APACJul 30, 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.
