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The US dollar rose against nearly all major currencies in the week to October 16, with the yen the exception. The Australian dollar fell over 2% after signals the Reserve Bank of Australia would add support, and the Dollar Index bounced about 0.6% near 93.90.
A firmer dollar and wider rate differentials in its favor tend to pressure dollar-priced commodities and can shift export competitiveness for Australian and Brazilian grain and feed supplies.
marctomarket.comOct 18, 2020After 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.
Not enough comparable past events yet for a historical read.
After 533 past bearish macro events, EURUSD moved a median -0.3% over 5 sessions (33% higher; middle half -1.2% to +0.2%), and -0.5% 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.
