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The US dollar reached a two-month high against Asian currencies as investors sought safe havens. The Federal Reserve held rates steady while flagging uncertainty over the global outlook.
The yen traded near 108.90 per dollar.
A firmer dollar against Asian currencies raises the local-currency cost of dollar-priced feed imports for importers in the region, which can dampen their purchasing. The effect on US commodity prices is modest.
btimesonline.comLeian Kae NadumaJan 30, 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.
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.
