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USD/JPY held near 104.40-104.50 on Monday-Tuesday after snapping a four-day losing streak, as the dollar bounced from a multi-month low. Fed Chair Powell and Treasury Secretary Mnuchin gave mixed signals on stimulus, and risk assets retreated.
A firmer dollar index generally pressures dollar-denominated grain and oilseed prices, but the move is a short-term currency wobble with limited direct effect on feed costs.
octaafrica.netNov 30, 2020After 359 past neutral macro events, DXY moved a median -0.0% over 5 sessions (49% higher; middle half -0.4% to +0.4%), and -0.1% 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.
