Asian currencies traded mixed as a sharp selloff in US technology shares drove demand for safe-haven assets; the Australian dollar fell 0.9% to $0.6872, an 18-week low. The US dollar index gained 0.3% ahead of October payrolls as markets reassessed the Federal Reserve's interest-rate outlook.
Risk aversion and a firmer US dollar put pressure on the Australian dollar, potentially making Australian exports more competitive in USD terms. No direct feed-commodity supply or demand change is reported.
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.
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.