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Australia's April CPI rose 0.7% month on month, beating a 0.5% forecast, and annual inflation hit 3.6%. The Australian dollar spiked briefly, and futures now push expected RBA rate cuts to mid-next-year.
Stronger-than-expected inflation shifts expectations toward tighter Australian policy, which supports the Aussie dollar. Feed buyers see little direct effect on grain prices.
finimize.comFinimize NewsroomMay 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.
