
The won-dollar rate rose to 1,349.5 on September 26 and opened at 1,355 on September 27, its weakest level of the year. The yen fell below 149 per dollar and the yuan held above 7.31, as the dollar strengthened while Asian currencies weakened.
Broad dollar strength against Asian currencies makes imports more expensive for Korean, Chinese and Japanese feed buyers and can shift demand toward cheaper origins, while pressuring dollar-denominated commodity prices.
After 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.
After 398 past bullish macro events, Chinese Yuan (CNY per USD) moved a median +0.0% over 5 sessions (56% higher; middle half -0.3% to +0.5%), and +0.0% 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.