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The Australian dollar extended a month-end rally as investors welcomed news that the US government would likely borrow less. The gain was tempered by a 2.7% monthly drop in Australian December retail sales, which pointed to pressure on consumers.
Weak consumer spending raises the chance of RBA easing, which limits AUD upside, while improved global sentiment supports it. Net effect on feed commodities is minimal.
poundsterlinglive.comSam CoventryJan 30, 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.
