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TD Securities says the advance reading of US Q2 GDP may be a bigger event risk for FX markets than Australia's uneventful CPI print. The analysts note the Australian dollar still largely follows broad US dollar moves.
The Australian dollar's direction against the US dollar affects the competitiveness of Australian grain, meat and other commodity exports, and the US GDP reading could move it.
forexcrunch.comFX StreetJul 25, 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.
