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The dollar climbed to a 3-1/2-month high against the yen and rose broadly against major currencies after Trump's election. Rising US Treasury yields reflected expectations of fiscal stimulus and higher inflation, and the Chinese yuan weakened past 6.80 per dollar offshore.
A stronger dollar and higher US rates raise the cost of dollar-denominated feed imports for many countries and can soften dollar-priced commodity demand. A weaker yuan may also dampen Chinese import appetite at the margin.
cnbc.comReutersNov 10, 2016After 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.
After 398 past bullish macro events, Chinese Yuan (CNY per USD) moved a median +0.0% over 5 sessions (56% higher; middle half -0.3% to +0.5%), and +0.0% 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.
Post-election rise in US Treasury yields and inflation expectations lifted the dollar broadly and weakened the yuan past 6.80 offshore, a currency and sentiment driver.
The dollar rose broadly to a 3.5-month high against the yen as yields rose on stimulus and inflation expectations.
