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The Australian dollar posted its worst monthly performance against the US dollar since November 2021 despite hot first-quarter CPI data. Analysts say a hawkish Reserve Bank of Australia could support the currency, but a 50-basis-point Fed hike may weigh on sentiment.
Currency moves here are driven mainly by global risk appetite and Fed policy expectations, with a strong dollar weighing on dollar-denominated commodity prices. The article offers no direct feed supply or demand change.
forex.caApr 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.
