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The Australian dollar fell to a three-month low against the US dollar after weak headline inflation data of 1.8% year-on-year came in below expectations. It also lost ground against the pound, euro and yen.
The result raised doubts about when the Reserve Bank of Australia would begin raising rates.
Weaker AUD and delayed RBA tightening shift currency and yield-spread conditions for Australian exporters, with little direct effect on feed grain prices.
abc.net.auDavid ChauOct 26, 2017Not 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.
