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The Australian dollar traded near US$0.64 after the RBA's Q1 trimmed mean CPI data. The US economy contracted 0.3% in the first quarter, its first contraction since early 2022, raising recession fears.
A weaker US economy and softer dollar tend to support commodity prices priced in dollars, while raising global slowdown risk for feed demand. The Aussie gain reflects this dollar weakness.
ofx.comBrett OttawaApr 30, 2025Not enough comparable past events yet for a historical read.
After 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.
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.
