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The dollar rose against the euro as reports suggested France could impose a national COVID-19 lockdown. Implied volatility in the euro and yen rose to multi-month highs ahead of the U.S. election.
The dollar fell against the yen, and U.S. fiscal stimulus remained stalled.
Currency volatility tied to lockdowns and the U.S. vote can shift the dollar and demand expectations for commodities. The direct impact on feed prices is limited.
financialpost.comReutersOct 28, 2020After 533 past bearish macro events, Euro (USD per EUR) 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.
