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The US dollar fell against the euro and yen in Asian trading on July 31 amid renewed concerns about the US economic recovery. The session data included mixed Chinese PMI readings and weaker-than-expected Australian producer prices.
A softer dollar on recovery worries generally supports dollar-denominated commodity prices, though the move is a routine FX wrap with no new fundamental driver for feed markets.
teletrade.orgJul 31, 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.
