Loading…
The Australian dollar was the best-performing G10 currency on March 1 after fourth-quarter GDP grew an annualised 2.4%, versus a 1.9% forecast. Economists said weak wage growth makes a near-term RBA rate hike unlikely.
Stronger Australian growth supports the AUD, which affects the competitiveness of Australian grain and meat exports against US and Brazilian supply. Low wage growth suggests the currency gains may be limited.
poundsterlinglive.comNews, Data, ForecastsFeb 28, 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.
