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The Australian dollar edged up on April 26 after first-quarter import prices rose 2.1% and export prices rose 4.9%, both beating forecasts. The aussie moved away from four-and-a-half-month lows as US Treasury yields rose.
Strong Australian export price growth reflects firm commodity prices, supporting the terms of trade, but currency moves here are driven mainly by US yields rather than feed-specific supply changes.
economies.comRami HaddadApr 26, 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.
