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The Australian dollar rose after third-quarter wage growth of 4.0% year-on-year beat expectations, supporting further rate hike bets. The Australian dollar traded near US0.6509 at the time.
Stronger wage-driven inflation pressure keeps Australian rates elevated, supporting the Aussie against the dollar. The effect on feed commodities is minimal.
poundsterlinglive.comSam CoventryNov 15, 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.
