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The AUD/USD fell 0.35% on Monday amid rising US Treasury yields and a mixed market mood. Traders were positioning ahead of US durable goods orders, Fed speeches and Australian inflation data.
Currency moves in the Aussie dollar change the competitiveness of Australian grain and barley exports, while rising US yields support the dollar, a modest headwind for US commodity prices.
fxstreet.comChristian Borjon ValenciaFeb 26, 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.
