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The Australian dollar slipped below 0.6700 as the US dollar recovered on quarter-end flows. US core PCE inflation came in at 4.6% year on year, below forecasts, and University of Michigan sentiment fell to 62.
A firmer dollar on expectations of a Fed pivot tends to ease pressure on dollar-priced commodities, while softer US inflation supports a slower tightening path.
octaafrica.netMar 31, 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.
