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Money magazine reports that the US dollar is expected to stay well bid during the pandemic as a safe haven, while the yen has strengthened to near four-year highs. The economist expects the Australian dollar to remain under downward pressure due to global recession and weaker commodity prices.
A firm dollar and weak commodity-linked currencies lower US dollar prices for Australian and other exported commodities, pressuring export-oriented feed ingredient values.
moneymag.com.auDarren SnyderApr 29, 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.
