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Chinese and European shares gained as the dollar tumbled on worries that a second Covid-19 outbreak would derail the US recovery. The SET index closed at 1,328.53, down 0.9% on the week, and Asian currencies were set for their best month in months.
A weaker dollar and firmer Asian currencies typically support dollar-denominated commodity prices while easing import costs for Asian buyers.
bangkokpost.comNuntawun Polkuamdee, Darana ChudasriJul 31, 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.
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.
