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Korean authorities are testing extended won trading hours as they prepare for full currency deliverability. The dollar firmed after strong US ISM services data, with DXY expected to hold near 104.50.
A firmer dollar raises the local-currency cost of dollar-priced feed imports, though the effect here is mainly on FX markets.
think.ing.comChris Turner, Francesco Pesole, Frantisek TaborskyFeb 6, 2024After 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.
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.
