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Sterling fell against the dollar as risk aversion grew over a resurgence of Covid-19 in Europe and new lockdowns in Italy and France. Global equities fell for a third session and the FTSE 100 hit a six-month low.
Renewed lockdowns in Europe weaken demand and risk appetite, and a stronger dollar makes dollar-priced feed commodities more expensive for non-US buyers.
malaymail.comOct 28, 2020Not enough comparable past events yet for a historical read.
After 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.
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.
