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The Australian dollar rose on Friday as expectations for US Federal Reserve rate cuts built and the greenback weakened. The currency held those gains in early trade Monday, despite rising risk aversion in equities, bonds and commodities.
The archived article is from June 2019, though the Wayback Machine capture is dated 2023.
A weaker US dollar on Fed rate-cut expectations generally supports dollar-priced commodities, including grains and oilseeds. The AUD move is largely driven by dollar weakness rather than Australia-specific fundamentals.
web.archive.orgDavid ScuttJun 2, 2019After 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.
