
The Australian dollar fell to its weakest level since late March, with AUD/USD around 0.6858 and down more than 2% for the week. US nonfarm payrolls rose by 165,000 in October, well above the 65,000 forecast, while the Reserve Bank of Australia signaled a cautious, wait-and-see approach after its latest rate increase.
Stronger US employment data bolsters expectations of tighter Federal Reserve policy and supports the US dollar, while risk aversion and a cautious RBA stance pressure the Australian dollar. This points to further downside risk for AUD/USD.
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.