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Australian CPI rose 7% year-on-year in the January-March quarter, slightly above expectations, while trimmed mean inflation slowed to 1.2% quarter-on-quarter, below forecasts. The market raised its RBA cash rate pricing to 3.81% by August, and the Australian dollar recovered from initial losses.
Persistent inflation keeps RBA tightening expectations alive, supporting the AUD; this is a macro currency move with limited direct effect on feed commodity prices.
ig.comManish JaradiApr 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.
