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Australian inflation slowed more than forecast, and a measure of core inflation also cooled. The data suggested the Reserve Bank of Australia might not need to raise rates again.
The Australian dollar slipped to a session low of $0.6450.
Lower rate expectations weigh on the Australian dollar, which makes Australian exports less competitive and affects currency-linked feed import costs for Australian buyers. The impact on grain and feed prices is limited.
reuters.comAug 30, 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.
