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The US Federal Reserve raised rates by 75 basis points to 3.25% and signalled further increases above expectations. Betashares expects the Australian dollar could fall toward US62 cents as a result, with Australian rates expected to rise in response.
Wider rate differentials favour the US dollar, which tends to pressure dollar-priced commodities and make Australian exports more competitive.
sbs.com.auRicardo GonçalvesSep 22, 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.
