Loading…
The Australian dollar held flat into the Friday close despite stronger-than-expected US payrolls and wage growth. The greenback rose against most currencies, with the Kiwi slipping below 0.70.
A firmer US dollar and risk aversion tied to trade concerns weigh on commodity-linked currencies, which can soften demand sentiment for Australian grain and other exports.
ofx.comFridayMay 31, 2018Not enough comparable past events yet for a historical read.
After 2,356 past bullish macro events, DXY 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.
