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The US dollar index is struggling as election uncertainty rises, while the Australian dollar holds up better than peers. Bond yields have backed up sharply and equities and commodities sold off across the board.
Election-driven volatility in the dollar and yields shifts risk appetite and the cost of dollar-priced commodities, with no direct supply change for feed markets.
macrobusiness.com.auHouses, HolesOct 31, 2024After 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.
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.
