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Australia's CPI showed inflation easing, with the monthly rate falling to 3.4% from 4.3% and the quarterly rate slowing to 0.6%. The AUD dropped from 0.6600 to 0.6559 after the release, and the RBA held its cash rate at 4.35%.
Slowing inflation and an RBA hold keep rate-cut expectations alive, which applies pressure to the Aussie. The currency move matters to Australian export pricing but has little direct effect on feed grains.
forexpropnews.comMarket NewsJan 31, 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.
