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ADM weekly market summary reports Treasuries reaching seven-week highs on safe-haven flows from Chinese Covid protests. The dollar weakened on a tempering of expected Fed rate hikes, and the euro and yen strengthened.
A weaker dollar and softer Fed outlook generally supports US commodity prices in dollar terms, while China-related risk-off sentiment adds volatility to feed markets.
admis.comADMIS Research TeamNov 28, 2022After 1,637 past bearish macro events, US Dollar (Broad) moved a median -0.2% over 5 sessions (39% higher; middle half -0.6% to +0.3%), and -0.2% over 20.
After 388 past bullish macro events, Euro (USD per EUR) moved a median +0.3% over 5 sessions (62% higher; middle half -0.4% to +1.1%), and +0.1% 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.
