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The Australian dollar gave back gains amid haven demand after suicide bombings outside Kabul airport. Hawkish comments from Fed officials Bullard and Kaplan increased expectations of an early bond-purchase taper.
The dollar index rose 0.3% as investors sought safe havens.
Geopolitical risk and a firmer USD pressure commodity-linked currencies and risk assets. The direct effect on feed commodities is limited.
ofx.comWednesdayAug 31, 2021Not enough comparable past events yet for a historical read.
After 89 past bullish geopolitics events, DXY moved a median +0.5% over 5 sessions (74% higher; middle half -0.0% to +1.0%), and +0.3% 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.
