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Australian private capital expenditure fell 5.9 per cent in the June quarter, less than the expected 8.4 per cent drop. The Aussie dollar rose about 10 pips on the release but then gave back the gain and traded largely unchanged.
Traders were cautious ahead of the Jackson Hole Symposium, where Fed Chair Powell was expected to signal tolerance for higher inflation.
Stronger-than-expected Australian investment data has limited effect on feed markets. The currency reaction was muted, so there is no clear price signal for feed commodities.
octaafrica.netAug 27, 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.
