Loading…
HSBC FX analyst David Bloom expects the Australian dollar to weaken as Federal Reserve hikes narrow the carry trade advantage over the Aussie. A lower-than-expected Australian inflation print has raised the chance of the RBA cutting from 1.5 to 1.25 percent.
A weaker Aussie reduces the cost of Australian grain and meal exports in dollar terms, adding mild pressure on global feed prices, though the effect is modest.
poundsterlinglive.comNews, Data, ForecastsJan 27, 2017Not enough comparable past events yet for a historical read.
After 2,356 past bullish macro events, DXY moved a median +0.2% over 5 sessions (60% higher; middle half -0.3% to +0.7%), and +0.4% 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.
