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The AUD/USD rose to a fresh session high near 0.7390 after Australia's Q3 GDP grew 3.3% quarter-on-quarter, well above the expected 2.6%. Expectations of additional US fiscal stimulus also weighed on the dollar.
Stronger Australian growth and a softer US dollar lift dollar-priced commodities marginally, but the currency move has limited direct impact on feed grain supply or prices.
octaafrica.netDec 2, 2020After 1,637 past bearish macro events, US Dollar (Broad) moved a median -0.2% over 5 sessions (39% higher; middle half -0.6% to +0.3%), and -0.2% 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.
