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The Australian and New Zealand dollars fell on Friday as investors moved into safe-haven assets after a new COVID-19 variant was reported in South Africa, Botswana and Hong Kong. The AUD/USD settled at 0.7122, down 0.93%, and NZD/USD at 0.6821, down 0.52%.
Pandemic-driven risk aversion weakens commodity-linked currencies and lifts the dollar, which can pressure dollar-denominated grain and oilseed prices. Feed buyers may see softer prices for Australian and New Zealand origins.
fxempire.comJames HyerczykNov 28, 2021Not enough comparable past events yet for a historical read.
After 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.
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.
