Loading…
Australian monthly CPI rose 3.6% year on year in April, up from 3.5% in March and above the 3.4% forecast, a five-month high driven partly by petrol, health and holiday costs. The Australian dollar barely moved, rising about 0.1% to 0.6657, and bond futures fell.
Sticky inflation reduces the chance of near-term RBA rate cuts, which supports the Aussie dollar modestly. For feed buyers the direct grain price effect is negligible.
reuters.comStella QiuMay 29, 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.
