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The Australian dollar held steady on Wednesday as October inflation slowed, an unexpected result, while Australian bond yields fell. Markets still expect the RBA to raise its cash rate by 25 basis points next week but trimmed their expected peak rate to around 3.6%.
Softer rate expectations weaken the AUD and reduce pressure on the dollar-linked currency complex, with limited direct effect on feed commodity prices.
brecorder.comReutersNov 30, 2022Not 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.
