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The Aussie dollar fell from 77 US cents in early June to about 73 cents, with its latest slide beginning June 13 after the Federal Reserve raised rates and signalled further hikes. Experts warn it could reach 65 cents over the next year.
A stronger US dollar driven by Fed tightening weighs on dollar-priced commodities, and a weaker Aussie reflects the same pressure on Australian export pricing.
thenewdaily.com.auJun 22, 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.
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.
