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The dollar strengthened against major peers on Trump-trade expectations of fiscal stimulus, tariffs and deregulation. The Australian dollar fell to a three-month low after weaker jobs data.
Dollar strength on tariff expectations raises the cost of US commodities abroad and pressures commodity currencies such as the Australian dollar, which can cut export competitiveness for Australian grains and feed.
reuters.comChibuike OguhNov 14, 2024After 2,356 past bullish macro events, US Dollar (Broad) moved a median +0.2% over 5 sessions (60% higher; middle half -0.3% to +0.7%), and +0.4% over 20.
Not 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.
