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AUD/USD fell about 1% to 0.6425 on September 29 and is down roughly 5.3% in September. Retail sales rose 0.6% month on month, but the Aussie is weighed by a hawkish Fed and Ukraine-related risk aversion.
A weaker Aussie makes Australian commodity exports cheaper in US dollars, while a firmer dollar keeps pressure on dollar-priced grain and meal values globally.
marketpulse.comKenneth FisherSep 29, 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.
