
The Dollar Index fell the most in three months and extended losses, while global equities rose. Investor sentiment improved on hopes for Hong Kong stability, planned in-person US-China talks, and a likely averted no-deal Brexit.
A weaker dollar and improved trade sentiment support dollar-priced commodities and the outlook for US agricultural exports to China. Reduced trade tension lowers the risk of tariff-driven demand disruption.
After 1,637 past bearish macro events, DXY moved a median -0.2% over 5 sessions (39% higher; middle half -0.6% to +0.3%), and -0.2% over 20.
After 123 past bullish macro events, SOY moved a median +0.3% over 5 sessions (60% higher; middle half -1.0% to +1.8%), 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.