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The won fell more than 1% and the Singapore dollar hit its lowest in almost three years as investors sold riskier assets over coronavirus spread. The Australian dollar slid to an 11-year low, with the yuan also weaker.
Risk-off flows strengthen the dollar against Asian and commodity-linked currencies, which can weigh on US dollar-denominated grain and oilseed prices in the near term.
bloomberg.comRuth Carson, Chester YungFeb 20, 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.
