FX.co ★ The fight for the Australian dollar is scheduled for tomorrow

AUD/USD

A slight drop in the dollar index on Friday (-0.16%) quickly affected the growth of a number of raw and agricultural commodities, which led to the growth of the Australian dollar by 9 points. Iron ore went up by 0.9% ($ 67.42), copper by 0.26%, live cattle by 0.23%.

Tomorrow investors are hoping to see good data on industrial production in China. The forecast for April growth is 6.4% y/y against 6.0% in March. What could prevent the growth of the "Australian dollar" may be the minutes of the last meeting of the RBA, which will also be published tomorrow. In the current situation, we expect lateral movement in the range 0.7530/65.