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The Australian dollar rose 0.40% to 0.7050, snapping a six-day losing streak. The gain followed Westpac's decision to push its forecast for an RBA rate cut to November, with the currency still constrained by coronavirus resurgence in Europe.
Expectations of a delayed RBA rate cut support the Aussie, which lifts the dollar cost of Australian exports and can firm Australian-origin commodity prices.
forexcrunch.comFX StreetSep 28, 2020Not 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.
