Loading…
The US dollar rose against the Australian and Kiwi dollars on Friday after upbeat US personal income, spending and Midwest manufacturing data, with short-dollar positions being covered at month-end. The AUD/USD settled at 0.7711 and NZD/USD at 0.7162, while weak Chinese factory data also weighed.
Currency moves of this kind are macro drivers for feed buyers: a firmer dollar tends to pressure US commodity prices in dollar terms, while weaker Chinese factory activity signals softer demand for feed inputs.
fxempire.comJames HyerczykApr 30, 2021After 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.
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.
