Loading…
On 27 February 2020 sterling sold off after the new Chancellor was reported to be delaying major tax and spending decisions until autumn. The dollar wobbled as US stock markets fell on coronavirus fears, and the euro was the best performer among majors.
A firmer dollar against sterling and the euro reflects risk-off flows that can pressure dollar-denominated grain and oilseed prices, though the effect here is modest.
exchangerates.org.ukFrançois AuréMar 1, 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.
