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The U.S. dollar fell against the Australian and New Zealand dollars and the pound after stronger-than-expected U.S. jobs data boosted recovery hopes. The Australian dollar reached its strongest level since January after China's export decline was smaller than expected.
The dollar was firmer against the yen.
A firmer Australian dollar raises the cost of Australian grain and barley in dollar terms, which can lift export prices. Stronger commodity currencies also reflect improving demand expectations from China.
financialpost.comReutersJun 8, 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.
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.
