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The yen rose as attention returned to US-China trade talks, with concern that a phase one deal could be followed by much harder later phases. The dollar stayed soft after the post-FOMC selloff, and Canadian dollar weakened after worse-than-expected GDP data.
A weaker dollar and renewed trade doubts can shift risk sentiment and feed into grain and oilseed prices, though the effect here is modest and indirect.
actionforex.comKBC BankOct 31, 2019After 1,637 past bearish macro events, DXY 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.
