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The Australian dollar has fallen for five consecutive weeks to its lowest in nearly three months as traders repriced US rate expectations after hot US economic data. Australian CPI and US GDP are due this week.
A firmer dollar from repriced Fed expectations pressures dollar-denominated commodity prices and shifts relative export competitiveness between US and Australian product.
tastylive.comIlya SpivakOct 30, 2024Not 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.
