# Aussie dollar continues to trade above US$0.66 - OFX

> The Australian dollar traded at about US$0.6670 on Monday, slightly firmer after a rally on Friday that followed weaker US inflation. Australian monthly CPI rose to 4% in May, with fuel and electricity prices contributing. The report kept expectations of an early RBA rate cut low.

- Date: 2024-06-30 · published 2024-06-30T12:00:00.000Z
- Category: market · region Australia · magnitude low
- Page: https://feedsoft.ai/events/30056-aussie-dollar-continues-to-trade-above-us-0-66-ofx
- Commodities: [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

With the Aussie holding above US$0.66, Australian-origin commodity contracts priced in US dollars stay relatively more expensive for importers. The move is a routine currency update without a new supply or demand driver for feed markets.

## Read by commodity

- AUDUSD: neutral

## Sources

- ofx.com: https://www.ofx.com/en-au/forex-news/daily-and-weekly-market-news/2024/07/01/aussie-dollar-continues-to-trade-above-us0-66-6/

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