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The dollar rose to a one-month high against a basket of currencies, while the Australian and New Zealand dollars fell. Investors moved to safe-haven assets as concerns over rising bond yields weighed on risk sentiment.
A stronger dollar and weaker commodity-linked currencies such as the Australian dollar typically pressure dollar-denominated export prices for grains and oilseeds.
bworldonline.comJino NicolasMar 2, 2021After 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.
