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The Australian and New Zealand dollars firmed slightly against a weaker US dollar ahead of US inflation data, though Covid lockdowns in Sydney kept the Aussie under pressure. The Australian dollar traded at 0.7490, well below the month's high of 0.7599.
Business conditions eased from June record highs.
Currency moves tied to lockdowns affect Australian export competitiveness at the margin, but the effect on grain, oilseed or feed prices is small.
brecorder.comReutersJul 13, 2021Not enough comparable past events yet for a historical read.
After 359 past neutral macro events, DXY moved a median -0.0% over 5 sessions (49% higher; middle half -0.4% to +0.4%), and -0.1% 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.
