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The dollar fell against a basket of currencies after the Fed's new framework signaled rates would stay low. The yen strengthened sharply after Japanese Prime Minister Shinzo Abe announced his resignation over health concerns, with the dollar down about 1% against the yen at 105.45.
Dollar weakness and low US rates support commodity prices in dollar terms, while yen moves affect Japanese feed and protein import costs and sentiment on Japanese demand.
cnbc.comReutersAug 28, 2020After 1,637 past bearish macro events, US Dollar (Broad) moved a median -0.2% over 5 sessions (39% higher; middle half -0.6% to +0.3%), and -0.2% over 20.
Not 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.
