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The Australian dollar fell as much as 0.8 percent after Australian quarterly and annual inflation undershot expectations, raising hopes of another Reserve Bank of Australia rate cut. The US dollar index fell below 100 for the first time since early December, after Trump's pipeline moves boosted equities.
Softer Aussie rates and a weaker greenback shift currency flows that matter for commodity prices priced in dollars, with little direct effect on feed grain supply.
archives.lincolndailynews.comJan 25, 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.
