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The Australian dollar rose for a fourth straight day against the US dollar and held above 0.68 after dipping below it earlier. Traders were cautious ahead of the US jobs report, with hopes for Chinese stimulus and easing COVID restrictions supporting the China-linked Australian currency.
A firmer Australian dollar on China stimulus hopes can support demand sentiment for Australian commodities, though the move is mainly currency-driven and routine.
fxdailyreport.comDaffa ZakyDec 2, 2022Not enough comparable past events yet for a historical read.
Not 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.
