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The dollar rose broadly on October 18, 2021, moving back toward a one-year high. Higher US Treasury yields, weak Chinese GDP and rate-hike bets on the Fed drove the move.
Hedge funds increased their bearish bets on the yen to their largest since May 2019.
A firmer dollar and higher US yields tend to weigh on dollar-denominated commodity prices and raise import costs for commodity buyers in weaker-currency markets. Slower Chinese growth also reduces demand expectations.
financialpost.comReutersOct 18, 2021After 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.
