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The Australian dollar was little changed after RBA minutes, staying near two-year lows despite a hawkish central bank. Markets expect the Fed to raise rates by 75 basis points, and the RBA is considering a 25 or 50 basis point hike at its October meeting.
The widening policy-rate gap between the Fed and RBA keeps pressure on AUD/USD and supports the US dollar against commodity currencies.
ig.comDaniel McCarthySep 20, 2022Not enough comparable past events yet for a historical read.
After 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.
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.
