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The Australian dollar fell from 74 to 72 US cents after a Liberal Party leadership challenge to Malcolm Turnbull, then recovered to 73 cents after the US-Mexico trade deal was announced. US stock markets reached record highs on the agreement.
Trade deal headlines have eased tension for risk assets, but the Aussie's swings show how sensitive it is to both domestic politics and US trade news. The net effect for feed markets is limited.
smh.com.auStephen BartholomeuszAug 28, 2018Not 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.
