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Australia's June-quarter inflation eased to about 6% year on year, according to the ABS. The Australian dollar slipped about a third of a US cent to 67.38 US cents, while shares rose.
Softer inflation reduces the pressure for further rate hikes and weighs slightly on the Australian dollar, a small factor for Australian commodity exporters.
theguardian.comPeter HannamJul 26, 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.
