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The Australian dollar fell over 0.80% against the US dollar after first-quarter inflation came in at 2.1%, below the 2.2% analysts expected. The RBA is expected to keep rates on hold for longer.
Westpac said soft inflation and weaker commodity export prices were weighing on the currency.
A softer Aussie reflects weaker commodity export prices and a longer period of low RBA rates, which can cut the cost of Australian exports to dollar-based buyers. The move is a currency story, not a direct feed price driver.
poundsterlinglive.comNews, Data, ForecastsApr 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.
