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The Australian dollar was one of the worst performers overnight, falling to about 0.73 after Westpac raised variable mortgage rates by 14 basis points. Analysts say the move reduces the chance of an RBA rate hike, with the first hike now priced for Q3 2020.
Reduced expectations of RBA tightening keep the Aussie under pressure. Renewed risk-on sentiment from US trade deals partly offset the weakness.
ofx.comThursdayAug 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.
