Loading…
The dollar dipped as U.S. Treasury yields paused their rapid rise, while sterling and the New Zealand dollar gained on expectations of earlier interest rate hikes. The dollar index fell to 93.67, its lowest since late September, and New Zealand's dollar rose after its fastest consumer inflation in over a decade.
A weaker dollar lifts the relative value of foreign currencies, which can make US commodity exports cheaper for overseas buyers, but the moves here are largely driven by rates and positioning rather than the feed trade directly.
cnbc.comReutersOct 19, 2021After 1,637 past bearish macro events, DXY moved a median -0.2% over 5 sessions (39% higher; middle half -0.6% to +0.3%), and -0.2% over 20.
Not enough comparable past events yet for a historical read.
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.
