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Asian equity markets fell about 2% on Monday after Fed Chair Powell's Jackson Hole speech warned that rates would stay high for some time and cause pain to the economy. The Nikkei fell 2.66% and the yen traded at 138.68 per dollar.
Stronger expectations of tighter US policy support the dollar and pressure risk assets, which can weigh on demand sentiment across commodity markets.
cnbc.comAbigail NgAug 28, 2022After 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.
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.
