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AUD/USD traded near 0.7645 as the dollar advanced after US session trading, with the DXY testing 100.50. Traders are awaiting Chinese manufacturing PMI data, and Fed speakers have advocated further hikes in 2017.
A stronger dollar and softer Aussie weigh on Australian export competitiveness and commodity-linked currencies, which can pressure dollar-priced grain and oilseed values; Chinese PMI is the next catalyst for risk sentiment.
octaafrica.netMar 31, 2017After 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.
