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The Australian dollar held a narrow range near US$0.65 and ended the day slightly below that level. A stronger-than-expected Q2 capex print lifted it to intraday highs of US$0.6505.
Traders were focused on the upcoming US payrolls report.
The currency is near a key level ahead of US employment data, which could drive USD moves. Feed import costs for Australian buyers may shift with the exchange rate, but the effect is modest.
ofx.comFridayAug 31, 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.
