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The Australian dollar came under pressure after Q3 inflation rose only 0.6% quarter-on-quarter, pushing AUD/USD to three-month lows. The week ahead includes Australian housing, credit, trade and retail data, plus Chinese manufacturing PMI.
Technical support and resistance levels for AUD/USD are also outlined.
Currency moves set on inflation and rate expectations have limited direct impact on feed commodity prices, though China's manufacturing data bears on Australian commodity demand.
forexcrunch.comYohay ElamOct 27, 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.
