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HSBC said the RBA's hawkish stance relative to the Federal Reserve could support the Australian dollar through front-end yield spreads. It cautioned that a broader Chinese recovery and better outlook for Australia's key exports are still missing.
Without a Chinese recovery lifting demand for Australian exports, the currency's support from rate differentials may be limited, leaving commodity export outlooks uncertain.
investinglive.comJun 29, 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.
