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The Australian dollar rose slightly against the US dollar after Australian CPI rose 0.6% in the June quarter, above the 0.5% expected, while private sector credit rose less than forecast. Traders were also positioning ahead of the US Federal Reserve's expected 25bp rate cut.
AUD/USD traded near 0.6886.
Mixed Australian data and a pending Fed cut leave the Aussie supported only briefly, which matters for currency-linked commodity pricing and import costs for Australian feed buyers.
economies.comRami HaddadJul 31, 2019Not 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.
