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The Australian dollar rally appeared to be losing momentum as the DXY dollar index corrected, oil weakened, and yields rose. Weak US and German business surveys raised recession concerns, and the ECB signaled further tightening.
Slowing global growth and weaker oil prices reduce demand expectations for energy-linked and commodity markets, with mixed effects on feed input prices.
au.investing.comJul 26, 2022After 565 past bearish macro events, Crude Oil (WTI) moved a median -1.4% over 5 sessions (41% higher; middle half -5.9% to +3.0%), and -0.5% 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.
