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The New Zealand dollar fell to its lowest level of 2018 as markets anticipated an upbeat Federal Reserve statement. The US dollar index rose to its highest level in almost four months after strong US data and March PCE inflation of 2 percent.
A firmer US dollar tied to expected Fed hikes tends to weigh on dollar-denominated commodity prices and can affect export competitiveness across Oceania and other origins.
businessdesk.co.nzJonathan UnderhillApr 30, 2018After 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.
