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The Australian dollar rose 0.1% to $0.6550 after Reserve Bank of Australia Governor Michele Bullock warned inflation was increasingly driven by domestic demand and may need a more substantial rate response. Bond yields jumped as markets raised the odds of another local rate hike.
Higher Australian rate expectations widen yield differentials and support the Aussie, a currency-driven move with limited direct effect on feed commodity prices.
brecorder.comReutersNov 23, 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.
