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The Australian dollar recovered nearly all its losses from a July sell-off and rose above US67.30 cents for the first time in a month. The US dollar index fell to its lowest since January 2 as recession fears faded and traders priced in Fed rate cuts.
A weaker USD supports dollar-priced commodities for non-US buyers, although the effect on feed prices is modest in this routine market report.
afr.comAlex GluyasAug 20, 2024After 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.
