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AUD/USD traded at 0.7720, its lowest since Monday, as the US Dollar Index hovered above 90. Traders awaited US PCE inflation and personal income data.
A firmer US dollar and higher US yields tend to pressure dollar-denominated commodity prices and weigh on Australian export competitiveness.
octabroker.comMay 28, 2021After 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.
