Loading…
The safe-haven yen rose to its highest in more than four months while the dollar slumped near a two-year low. Weakness was attributed to rising coronavirus cases, a delayed US stimulus bill and US-China tensions.
A weaker dollar generally supports US commodity prices in dollar terms and tends to make US feed exports more competitive for overseas buyers.
cnbc.comReutersJul 24, 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.
