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The Australian dollar weakened after the June-quarter CPI came in below expectations, with headline inflation slowing from 5.6% to 5.4%. Markets reduced bets on an August RBA rate hike, and the currency fell against its G10 peers.
Lower rate-hike bets weaken the Australian dollar, which slightly lowers the dollar cost of Australian grain and meat exports.
poundsterlinglive.comGary HowesJul 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.
