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The AUD/USD pair fell to a near three-week low around 0.6620 as the US dollar gained on resilient US data. The 10-year US Treasury yield climbed back above 4.0%, and the market was watching the US PCE inflation release.
A stronger US dollar and higher Treasury yields pressure dollar-priced commodities, which can soften feed grain and oilseed prices.
octaafrica.netJul 28, 2023Not enough comparable past events yet for a historical read.
After 2,356 past bullish macro events, DXY 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.
