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The Australian dollar fell as much as 2.8% since April 18, nearing levels last seen in December, as the US dollar gained on rising 10-year Treasury yields. Yields broke above 3% for the first time since 2013 on expectations of US rate rises alongside higher commodity prices.
A weaker Aussie makes Australian commodity exports cheaper in USD terms and tends to coincide with softer dollar-denominated commodity prices, while US yield-driven dollar strength pressures emerging-market and commodity currencies broadly.
smh.com.auSarah TurnerApr 26, 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.
