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Most Asian currencies fell after strong US retail sales lifted the dollar, with the yen weakening past 151 per dollar and the ringgit sliding 0.8%. The Australian dollar was among the worst performers after a mixed labour report.
A stronger dollar raises the local-currency cost of dollar-priced imports across Asia, which can weigh on buying power for feed commodities in the region.
financebrokerage.comEmma BonnetNov 16, 2023After 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.
