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The US dollar has fallen nearly 9% since March amid concerns that its status as the world's reserve currency could weaken. The Australian dollar has risen about 25% from its March lows, and gold hit a record above US$2,000 an ounce.
The columnist attributes the moves to broader loss of confidence in the US economy and its policy direction.
A sustained dollar decline supports dollar-priced commodities and can raise import costs for currency-sensitive feed buyers. Gold's rise reflects safe-haven demand, which is not a direct feed price driver.
smh.com.auStephen BartholomeuszJul 29, 2020After 1,637 past bearish macro events, DXY 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.
