# Aussie dollar range-bound ahead of September trade balance figures - OFX (US)

> The Australian dollar traded near 0.7080 after a 24-hour high of 0.7106, with the Greenback firmer on strong US data. Australian CPI rose 0.4 percent in the September quarter, and trade balance figures were due.

- Date: 2018-10-31 · published 2018-10-31T12:00:00.000Z
- Category: market · region Australia · magnitude low
- Page: https://feedsoft.ai/events/62783-aussie-dollar-range-bound-ahead-of-september-trade-balance-figures-ofx-us
- Commodities: [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Currency moves in the AUD and USD are routine market commentary with no new supply or demand driver for feed grains. A firmer USD modestly supports lower dollar-denominated grain prices.

## Read by commodity

- DXY: bullish ▲
- AUDUSD: neutral

## Sources

- ofx.com: https://www.ofx.com/en-us/forex-news/daily-and-weekly-market-news/2018/11/01/aussie-dollar-range-bound-ahead-of-september-trade-balance-figures/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.