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The US dollar rose against Asia-Pacific currencies last week as higher US bond yields reduced demand for the yen, Aussie and kiwi. Traders priced in earlier monetary tightening, and yields rose on expectations of fiscal stimulus and a strengthening US economy.
A firmer dollar on rising US yields tends to pressure dollar-denominated commodity prices and supports Asian import demand less favorably. Weaker commodity-linked currencies can also lower Australian and New Zealand export offer prices.
finance.yahoo.comJames HyerczykFeb 28, 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.
