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The AUD/USD pair rose to about 0.7035 in early Friday trade, its highest since mid-June. Markets fully priced in one more RBA hike this year, while US Q2 GDP grew 1.5%, below the 2.1% expected.
Tensions in the Middle East were also cited as a potential safe-haven support for the dollar.
Softer US growth and a weaker dollar modestly support dollar-denominated commodity prices and Australian export demand. The effect on feed grain prices is limited.
fxstreet.comLallalit SrijandornJul 31, 2026After 1,637 past bearish macro events, US Dollar (Broad) moved a median -0.2% over 5 sessions (39% higher; middle half -0.6% to +0.3%), and -0.2% 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.
