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The US economy contracted at its fastest pace since the global financial crisis in the first quarter of 2020, with warnings of a possible 35% contraction in the June quarter. Australian stocks rallied after the Fed pledged to act aggressively.
Sharply weaker US demand and rising unemployment point to lower consumption and softer demand for meat, dairy and processed food. Easing from the Fed, however, may cushion commodity prices.
abc.net.auSue Lannin, Stephanie ChalmersApr 29, 2020After 4,478 past macro events, US Dollar (Broad) moved a median +0.0% over 5 sessions (51% higher; middle half -0.4% to +0.5%), 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.
