# Australian Dollar holds position near a major level, US PCE awaited

> 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.

- Date: 2024-04-26 · published 2024-04-26T12:00:00.000Z
- Category: macro · region Australia · magnitude low
- Page: https://feedsoft.ai/events/30989-australian-dollar-holds-position-near-a-major-level-us-pce-awaited
- Commodities: [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

Rising Australian yields and a firmer AUD are a currency story with no clear direct effect on feed commodity prices.

## Read by commodity

- AUDUSD: bullish ▲

## Sources

- fxstreet.com: https://www.fxstreet.com/news/australian-dollar-pares-gains-amid-improved-us-dollar-awaits-us-pce-202404260353

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