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The Australian dollar hovered near multi-month lows of about 73.76 US cents, close to a 1.5-year trough of 73.11. Traders bet the Reserve Bank of Australia will keep its cash rate at a record low for some time while the Federal Reserve keeps tightening.
A weaker Aussie reduces the cost of Australian exports in US dollars and reflects weak Australian rate expectations, a mild bearish signal for AUD-linked commodity prices.
sbs.com.auJul 24, 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.
