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The dollar fell toward a second weekly loss as expectations of a new US stimulus package rose and Joe Biden gained in polls ahead of the November election. The US Dollar Index edged down to about 93.5.
Investors moved into riskier assets such as commodity currencies.
A weaker dollar and stronger commodity currencies tend to support dollar-priced agricultural commodities. The effect on feed prices is modest.
finance.yahoo.comInvesting.comOct 8, 2020After 1,637 past bearish macro events, US Dollar (Broad) moved a median -0.2% over 5 sessions (39% higher; middle half -0.6% to +0.3%), and -0.2% 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.
