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The US dollar has strengthened sharply, with the Australian dollar falling about 14% over the year. The Reserve Bank of Australia has downplayed the currency weakness.
A stronger dollar makes US commodity exports cheaper for foreign buyers and raises import costs for dollar-linked economies, which feeds through to global feed and grain pricing.
au.investing.comGeorgia IndianOct 24, 2022After 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.
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.
