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The Australian dollar traded just below 70 US cents after higher-than-expected US wage data on Friday pushed the dollar up. Traders are looking ahead to the Reserve Bank of Australia rate decision, expected to lift the cash rate to 1.85%.
Currency moves of this kind are routine and only marginally affect Australian export competitiveness for grains and meals.
ofx.comMondayJul 31, 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.
