# AUD flat as attentions turn to RBA and Federal Reserve - OFX

> The Australian dollar traded flat and dipped to US$0.6580 after stronger US employment cost data raised expectations of another Fed hike. A soft PCE inflation reading lifted equities, and the AUD recovered to about US$0.6609 ahead of the RBA meeting.

- Date: 2023-04-30 · published 2023-04-30T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/36645-aud-flat-as-attentions-turn-to-rba-and-federal-reserve-ofx
- Commodities: [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

Currency moves tied to Fed and RBA policy are macro drivers with minimal direct effect on feed grain or meal prices.

## Read by commodity

- AUDUSD: neutral

## Sources

- ofx.com: https://www.ofx.com/en-au/forex-news/daily-and-weekly-market-news/2023/05/01/aud-flat-as-attentions-turn-to-rba-and-federal-reserve/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.