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The dollar index traded near 98 and the yen moved within a tight range as US-China tensions weighed on sentiment. The article describes the dollar as losing steam and sets out conflicting forces for the greenback.
A weaker dollar supports US commodity export competitiveness, while escalating US-China tensions could reduce Chinese buying of US farm goods, leaving the net price effect for feed mixed.
octaafrica.netMay 19, 2020After 359 past neutral macro events, DXY moved a median -0.0% over 5 sessions (49% higher; middle half -0.4% to +0.4%), and -0.1% 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.
