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A CBA preview says AUD/USD will be guided by Australia's March CPI report, with underlying inflation expected to rise 0.5% and annual growth to reach 2.0%. Strong Australian terms of trade, estimated to have risen 3.5-4% in Q1, provide fundamental support.
Expected inflation data and strong terms of trade underpin the Australian dollar, but weak wage growth presents downside risk; the story has limited direct effect on feed commodity prices.
investinglive.comEamonn SheridanApr 23, 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.
