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The Australian dollar extended its rally for a fifth session, supported by Australian 10-year yields reaching a 21-week high of 4.59%. The gains followed hotter-than-expected local CPI and a delayed RBA rate-cut forecast.
Rising Australian yields and a firmer AUD are a currency story with no clear direct effect on feed commodity prices.
fxstreet.comAkhtar FaruquiApr 26, 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.
