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AUD/USD posted a second straight weekly loss, closing at 0.7485. The week's key event is the RBA rate statement, with a hold at 1.50% expected.
US first-quarter GDP grew 0.7% annualized, weaker than expected and the slowest in three years.
A forecast of RBA holds and weak US growth points to a currency range with limited direct effect on feed markets. The weekly calendar matters mainly for Australian import costs.
forexcrunch.comKenny FisherApr 30, 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.
