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The AUD/USD pair slipped to around 0.6415 as strong US jobless claims and PMI data supported the US dollar. Trump's tax bill added fiscal concerns that limited the dollar's gains.
Firmer US economic data supports the dollar, which tends to weigh on dollar-denominated commodity prices. The fiscal bill adds uncertainty to the outlook.
fxstreet.comTammy Da Costa, CFTe®May 22, 2025Not enough comparable past events yet for a historical read.
After 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.
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.
