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The dollar rose modestly on Wednesday as traders awaited a possible outcome of US-China trade talks. The Australian dollar fell 0.2% to $0.6774 after Westpac forecast two RBA rate cuts and quantitative easing next year.
A weaker Aussie dollar lowers the cost of Australian exports such as barley and sorghum, which can pressure feed grain prices in international markets. Trade-talk headlines also drive broader dollar moves that affect dollar-denominated commodities.
reuters.comHideyuki SanoNov 27, 2019Not enough comparable past events yet for a historical read.
After 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.
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.
