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The Australian dollar fell to about 71 US cents after strong US ISM services data and job additions pushed Treasury yields to multi-year highs. Analysts expected the Fed to keep hiking while the RBA held rates.
Stronger US yields and a firmer USD pressure the AUD and make dollar-priced Australian exports cheaper, which can weigh on world feed grain and barley prices.
fool.com.auJames MickleboroOct 3, 2018Not enough comparable past events yet for a historical read.
After 2,356 past bullish macro events, US Dollar (Broad) moved a median +0.2% over 5 sessions (60% higher; middle half -0.3% to +0.7%), and +0.4% 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.
