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The baht hit its lowest level in over a year and the rupiah fell to a two-month low as rising Covid-19 cases in Thailand and Indonesia kept the safe-haven dollar firm. Investors were also awaiting a US jobs report that could influence Fed tapering and rate-hike expectations.
This is a macro FX move driven by pandemic risk-off sentiment, with no direct change to feed commodity supply or demand.
brecorder.comReutersJun 29, 2021Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
After 2,356 past bullish macro events, DXY 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.
