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Goldman Sachs strategists forecast EUR/USD at 1.10 and DXY at 99 over three months, while seeing AUD strengthening against the USD. The commentary argues no Australian rate cuts are coming, contrary to market pricing.
A weaker US dollar forecast would support dollar-denominated commodity prices, while the disagreement on Australian rates shows uncertainty in the outlook. This is analyst opinion with no direct new supply or demand event.
macrobusiness.com.auHouses, HolesApr 29, 2019After 1,637 past bearish macro events, DXY 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.
