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AUD/USD recovered above 0.7200 on Wednesday, outperforming G10 peers. The move followed resilient Westpac consumer sentiment data and a rally in base metals on hopes of Chinese monetary easing.
Stronger base metals and a firmer Aussie reflect improved risk sentiment and Chinese stimulus hopes, which can ease pressure on dollar-denominated commodity prices.
octaafrica.netJan 19, 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.
