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China's foreign exchange reserves fell unexpectedly in September, to about $3.143 trillion from $3.169 trillion. The US dollar index rose nearly 2% in September, its first monthly gain in five months, as COVID-19 resurgence in major economies weighed on risk appetite.
A stronger dollar tends to pressure dollar-priced commodities, and falling Chinese reserves may signal reduced capacity for import purchases. The overall feed-price effect is modest.
reuters.comOct 7, 2020After 53 past bullish report events, US Dollar (Broad) moved a median +0.1% over 5 sessions (51% higher; middle half -0.4% to +0.5%), and +0.5% 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.
