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The Australian dollar has fallen against the US dollar as US Federal Reserve rate hikes lifted the greenback. Australian businesses face higher import costs, although the Aussie is stronger against many other currencies.
A strong US dollar raises the local cost of dollar-priced imports and can cut demand for imported feed ingredients in Australia, while supporting Australian exporters.
abc.net.auRachel PupazzoniOct 4, 2022After 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.
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.
