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Australian CPI rose to 7.8% year-on-year in the December quarter, a 33-year high and above the 7.5% consensus. The result pushed the Aussie up nearly 1% to US$0.7114 and lifted bond yields as markets priced a high probability of another RBA hike.
Higher Australian rates tend to support the AUD through yield differentials. The move has no direct bearing on feed grain or protein supply and demand.
businesstimes.com.sgJan 25, 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.
