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The AUD/USD rallied 1.07% on a Thursday session to close near $0.68, with the pair trading between $0.6723 and $0.6804. Traders focused on upcoming US personal income, spending and core PCE inflation data for the Q1 2024 Fed rate outlook.
This is routine currency commentary with no new structural cause, so it has limited direct impact on feed commodity prices beyond general dollar sentiment.
fxempire.comBob MasonDec 22, 2023Not 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.
