AUD/USD slipped to near 0.7025 in early Asian trading on Monday as Iran warned of expanded strikes against the US, boosting safe-haven demand for the dollar. Traders are pricing a 72.9% chance of a Fed hike in December, while the RBA is expected to raise rates on Tuesday.
Currency moves tied to Middle East tensions and Fed hike expectations affect the dollar-denominated value of grain and meal exports from Australia and shift the relative cost of US feed ingredients for importers.
Not enough comparable past events yet for a historical read.
After 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.
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.