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The Australian dollar rose back above US$0.66 after the Fed held rates steady on December 13 and Chair Powell signalled a dovish path, with two-year yields falling to a five-month low. Markets priced out 144 basis points of US cuts through 2024.
A weaker US dollar from dovish Fed signals tends to support dollar-priced commodities and firms AUD-linked exporter sentiment, shifting the price backdrop for traded feed inputs.
ofx.comThursdayDec 13, 2023Not 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.
