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The yen was set to snap a nine-week losing streak as risk sentiment weakened and a Wall Street selloff drove flight-to-safety demand. The dollar held near 20-year highs while U.S. 10-year yields fell from their earlier peak.
Shifts in haven demand and yields alter dollar strength, which affects the relative cost of dollar-priced grains and meals for importers in yen and other currencies.
dtnext.inReutersMay 13, 2022After 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.
