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The AUD/USD fell to weekly lows near 0.7275 after Westpac raised its variable mortgage rates. Weak Australian capex and building approval data added to the selling pressure, while a modest US dollar rebound also weighed.
Expectations of fewer Reserve Bank rate hikes weigh on the Aussie. A weaker Australian dollar supports export competitiveness for Australian commodities.
exchangerates.org.ukFrançois AuréAug 29, 2018Not 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.
