Loading…
The yen rose 0.5% to 107.41 per dollar on March 30 as investors sought safe havens during the coronavirus lockdowns. The dollar also gained against the pound, euro and Australian dollar.
Analysts said dollar funding pressure was easing and attention was shifting to the economic damage.
Safe-haven flows strengthen the dollar against major currencies, which can make US commodity exports more expensive for overseas buyers and weigh on dollar-denominated grain prices. The effect on feed markets is indirect and limited.
publisher.tbsnews.netReutersMar 30, 2020Not enough comparable past events yet for a historical read.
After 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.
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.
