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The Australian dollar fell to a six-week low of US64.24 cents as the greenback rallied after Fed Chair Powell showed no hurry to cut rates, citing tariff-related inflation concerns. Strong earnings from Microsoft and Meta also supported the US dollar.
A firmer dollar makes USD-priced grains and meals costlier for importers outside the US, which can weigh on US export demand and prices.
afr.comCecile LefortJul 31, 2025After 2,356 past bullish macro events, DXY 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.
