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Investors are moving from risk assets to safe havens after the second wave of Covid-19 cases in the US and China. The baht traded between 30.94 and 31.24 per dollar that week as the dollar and yen gained as low-risk currencies.
Gold rose to US$1,729 per ounce on US-China tensions.
Safe-haven demand strengthens the dollar and gold while weighing on emerging-market currencies, which raises the cost of dollar-priced imports for Asian buyers. Renewed lockdowns could also cut demand for feed and meat.
nationthailand.comJun 20, 2020After 2,356 past bullish macro events, US Dollar (Broad) moved a median +0.2% over 5 sessions (60% higher; middle half -0.3% to +0.7%), and +0.4% 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.
