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The Australian dollar slipped 0.2% to $0.6614, its weakest since mid-March, while bonds rallied after first-quarter core inflation came in below forecasts. Futures priced only a 9% chance of a May rate hike, down from about 20% before the data.
Softer rate-hike expectations weaken the AUD, which is a currency signal rather than a direct feed commodity move; a weaker AUD marginally supports Australian grain and barley export competitiveness.
brecorder.comReutersApr 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.
