Loading…
The Australian dollar rose back above 80 US cents at 0.8008 after a 0.6% gain, despite falls in Chinese iron ore futures. The analysis argues US dollar weakness has been the primary driver of the currency's 2017 strength.
A US dollar driven Aussie rally makes Australian feed exports costlier, while a weaker dollar supports US feed competitiveness.
au.investing.comAxiSep 20, 2017Not enough comparable past events yet for a historical read.
After 1,637 past bearish macro events, US Dollar (Broad) moved a median -0.2% over 5 sessions (39% higher; middle half -0.6% to +0.3%), and -0.2% 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.
