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Australian weekend elections had little market impact, so traders focused on external factors. Strong US GDP supports higher US rates, while commodity prices have been under pressure and China's growth is slowing with US trade tensions.
Weak commodity prices and a stronger US rate outlook weigh on the Australian dollar, which tracks metals and agricultural export prices.
investinglive.comEamonn SheridanJul 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.
