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Asian equities slipped after weaker-than-expected Chinese activity data and a sharp drop in copper prices, while the yen firmed after the BOJ held rates. US tech stocks rallied after strong Microsoft and Meta earnings, and the dollar held near a two-month high.
Weak Chinese activity data points to softer industrial and feed demand in China, which is a bearish factor for commodity demand, though the yen move itself is minor for grain prices.
tradingview.comJul 31, 2025Not enough comparable past events yet for a historical read.
After 359 past neutral macro events, US Dollar (Broad) moved a median -0.0% over 5 sessions (49% higher; middle half -0.4% to +0.4%), 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.
