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Most major Asian currencies strengthened against the dollar on October 29, while the rupiah did not trade because of a domestic holiday. The yuan led gains and the dollar was defensive ahead of US GDP data and the November 3 election.
A weaker broad dollar tends to support commodity prices and eases import costs for Asian feed buyers, though the effect from routine currency moves is modest.
cnbcindonesia.comChandra Dwi PranataOct 29, 2020Not 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.
