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The Australian dollar overcame its 2019 downtrend and nearly erased its yearly loss against the US dollar, rising 3.67% in December. Analysts see the next resistance target near 0.72 as a US-China phase one deal signing approaches.
A firmer Aussie and weaker US dollar reflect improved trade sentiment, a currency-only move with no direct feed supply impact.
poundsterlinglive.comJames SkinnerDec 31, 2019Not enough comparable past events yet for a historical read.
After 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.
