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The yen rose against major currencies on Friday as traders grew cautious ahead of President Trump's press conference on China's treatment of Hong Kong. The dollar drifted lower against the euro and pound, and the yen gained 0.5% to 107.09 per dollar.
Currency moves of this kind affect the purchasing power of importers of US feed commodities and the dollar index that shapes export competitiveness; a risk-off dollar rally would tend to weigh on dollar-denominated grain prices.
devdiscourse.comReutersMay 29, 2020After 359 past neutral macro events, US Dollar (Broad) moved a median -0.0% over 5 sessions (49% higher; middle half -0.4% to +0.4%), and -0.1% 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.
